{"id":976,"date":"2024-11-07T15:34:51","date_gmt":"2024-11-07T15:34:51","guid":{"rendered":"https:\/\/otetmarkets.com\/blog\/?p=976"},"modified":"2024-11-07T15:34:52","modified_gmt":"2024-11-07T15:34:52","slug":"germanys-trade-surplus-declines-in-september-2024","status":"publish","type":"post","link":"https:\/\/otetmarkets.com\/blog\/news\/germanys-trade-surplus-declines-in-september-2024\/","title":{"rendered":"Germany&#8217;s Trade Surplus Declines in September 2024"},"content":{"rendered":"\n<p>Germany&#8217;s trade surplus shrank in September 2024, falling to EUR 17 billion, down from a downwardly revised EUR 21.4 billion in August. This result came in lower than analysts&#8217; expectations, which forecasted a surplus of EUR 20.9 billion. The decline in the trade surplus was largely driven by a decrease in exports and a rise in imports during the month.<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"481\" data-id=\"977\" src=\"https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/IMG_20241107_183135_962-1024x481.jpg\" alt=\"\" class=\"wp-image-977\" srcset=\"https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/IMG_20241107_183135_962-1024x481.jpg 1024w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/IMG_20241107_183135_962-300x141.jpg 300w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/IMG_20241107_183135_962-768x361.jpg 768w, https:\/\/otetmarkets.com\/blog\/wp-content\/uploads\/2024\/11\/IMG_20241107_183135_962.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Drop in Exports<\/strong><\/h2>\n\n\n\n<p>Exports from Germany fell by 1.7% month-over-month in September, reaching EUR 128.2 billion. This marked a three-month low and reversed a slight 1.2% growth recorded in August. The drop was deeper than the anticipated 1.4% decline. Exports to key markets such as China and the UK saw notable decreases, with shipments to China falling by 3.7% and those to the UK dropping by 4.9%. Exports to the European Union (EU) also fell by 1.8%, and shipments to other third-party countries dropped by 1.6%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Strong Growth to Russia and the US<\/strong><\/h2>\n\n\n\n<p>Despite the overall decline, there were some positive signs for German exports. Shipments to Russia grew by 3.6%, while exports to the United States saw a 4.8% increase. These gains helped offset some of the losses from other regions, though they were not enough to prevent the overall drop in exports for the month.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Rise in Imports<\/strong><\/h3>\n\n\n\n<p>On the imports side, Germany saw a 2.1% increase, reaching EUR 111.3 billion. This followed a revised 2.6% decrease in imports in August. A significant portion of the rise came from imports within the EU, which increased by 1.6%. Germany also increased imports from non-EU countries, particularly from China, which saw a 5.6% rise, and Russia, which grew by 20.1%. However, imports from the US and the UK decreased slightly by 0.3% and 0.6%, respectively. For the first nine months of 2024, Germany maintained a trade surplus of EUR 186.9 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany&#8217;s trade surplus shrank in September 2024, falling to EUR 17 billion, down from a downwardly revised EUR 21.4 billion in August. This result came in lower than analysts&#8217; expectations, which forecasted a surplus of EUR 20.9 billion. The decline in the trade surplus was largely driven by a decrease in exports and a rise [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,2],"tags":[37],"class_list":["post-976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-economy-news","category-news","tag-financialnews"],"_links":{"self":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=976"}],"version-history":[{"count":1,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/976\/revisions"}],"predecessor-version":[{"id":980,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/976\/revisions\/980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media\/978"}],"wp:attachment":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}