Friday’s data showed German exports grew more than expected in January, rising 2.1 percent month-on-month after declining in December, thanks to strong demand from the United States and Britain.
A Reuters poll had expected exports to increase 1.5 percent month on month.
The data showed that exports to the United States rose by 3.1 percent on a monthly basis, while exports to Britain increased by 7.8 percent.
The Federal Statistics Office said imports fell 3.4 percent from December, missing analysts’ expectations for a 2 percent rise.
Imports from China accounted for the majority of German imports, amounting to 12.7 billion euros.
Last year, Germany exported goods worth 1.56 trillion euros (equivalent to 1.7 trillion dollars), up 14 percent from the previous year, but imports rose by more than 24 percent to 1.48 trillion euros, which led to a trade surplus of 76 billion euros in 2022, but it It is the lowest in about 22 years.
