German exports in September 2025: +1.4% on August 2025 | Metals Mine

  • German exports in September 2025: +1.4% on August 2025

    From destatis.de

    In September 2025, German exports were up 1.4% and imports rose by 3.1% on a calendar and seasonally adjusted basis compared with August 2025. Compared with September 2024, the Federal Statistical Office (Destatis) further reports that exports increased by 2.0% and imports rose by 4.8%, based on provisional data. After calendar and seasonal adjustment, Germany exported goods to the value of 131.1 billion euros and imported goods to the value of 115.9 billion euros in September 2025. The foreign trade balance thus showed a surplus of 15.3 billion euros in September 2025. The calendar and seasonally adjusted surplus ... (full story)

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Trader#E14A
Nov 7, 2025 1:22am
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Confusing print

Headline: Exports +1.4% m/m, Imports +3.1% m/m → surplus €15.3bn (down from €16.9bn in Aug; below €18.0bn a year ago).

Mix:

US: exports +11.9% m/m (first rise after 5 declines) but −14% y/y.

China: exports −2.2% m/m; imports +6.1% m/m (pulls the surplus down).

EU ex-euro area: exports +5.1% m/m; euro area exports +1.4%.

Take: Good near-term demand signal, but wider import rebound > export rebound → narrower surplus??
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