05.Oct .2022 15:30

Germany posts $1.2B foreign trade surplus in August

Germany posts $1.2B foreign trade surplus in August
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Germany posted a foreign trade surplus of €1.2 billion ($1.19 billion) in August, according to official figures released on Wednesday.

According to the Federal Statistical Office (Destatis), the country's exports and imports rose by 18.1% and 33.3% to €133.1 billion and €131.9 billion, respectively, year-on-year in August.

On a monthly basis, Germany's exports saw a 1.6% increase, while imports rose 3.4% in August.

The country's exports to the EU members totaled €72.8 billion, while imports from the EU countries amounted to €66.7 billion in August.

Germany's exports to non-EU countries were €60.3 billion in the same month, while imports from them totaled €68.2 billion.

The main destination for German products among non-EU countries was the US, while China was the main supplier for Germany's imports.