Germany’s Exports See Rise in October

(MENAFN) Germany experienced a 4.2% year-on-year increase in exports in October, reaching €131.3 billion, while imports climbed 2.8% to €114.5 billion, according to the federal statistical office, Destatis, which reported the figures on Tuesday.

The nation’s foreign trade balance recorded a surplus of €16.9 billion during the same month, Destatis added.

In October, Germany shipped goods worth €76.3 billion to European Union member countries, while imports from these nations totaled €61.1 billion.

Trade with non-EU countries also showed significant activity, with exports reaching €55.1 billion and imports totaling €53.4 billion.

On a monthly basis, Germany’s exports to Russia grew by 4.8%, amounting to €600 million in October.

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