German Trade Surplus Narrows Despite Rising Exports
By Don Nico Forbes
German exports jumped in September, offering some relief to manufacturers after a volatile summer, but faster growth in imports narrowed the country's trade surplus.
Exports increased 2.0% on the month to 141.1 billion euros ($157.23 billion), while imports rose 4.2% to 125.5 billion euros, Germany's statistics agency said Monday.
The trade surplus narrowed to 15.6 billion euros from 17.9 billion euros in August, although it was little changed from 15.5 billion euros a year earlier.
The figures follow signs of a tentative recovery in German industry, with manufacturing orders rising in September alongside industrial production.
Resilience continues to be supported by government investment in infrastructure and defense, while disruptions to competitors in Asia have also provided a boost to some German manufacturers since the outbreak of war in the Middle East.
Still, deeper structural shifts are weighing on Germany's traditional export model, with Chinese manufacturers providing intense competition in sectors such as automobiles, machinery and industrial equipment.
Write to Don Nico Forbes at don.forbes@wsj.com
(END) Dow Jones Newswires
November 09, 2026 02:49 ET (07:49 GMT)
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