Allemagne Balance Commerciale

Germany's trade surplus increased to EUR 27.5 billion in January 2024, surpassing market forecasts of EUR 21.5 billion and up from an upwardly revised EUR 23.3 billion in the previous month. It was the largest trade surplus on record, as exports grew more than imports. Exports rose 6.3% to an 11-month high of EUR 135.6 billion, faster than expectations of a 1.5% gain. Exports to the EU surged by 8.9%, while those to third countries advanced by 3.1%, with exports to China rising by 7.8% and Russia by 1.6%. By contrast, exports fell to the US (-1.7%) and the UK (-8.1%). Meanwhile, imports climbed 3.6% to EUR 108.0 billion, beating market forecasts of a 1.8% growth. Imports from the EU soared by 10.8%, while those from non-EU shrank by 4.5%, particularly from China (-11.1%), the US (-5.2%), and Russia (-8.2%). However, imports from the UK jumped by 18.4%.