Germany's foreign trade balance posts $7.3B surplus in October

By Gokhan Ergocun

ISTANBUL (AA) – Germany's foreign trade balance posted a surplus of €6.9 billion ($7.3 billion) in October, the official figures showed on Friday.

The country's exports and imports rose 14.2% and 20.9% in October on a yearly basis to €133.5 billion and €126.6 billion, respectively, according to the Federal Statistical Office (Destatis).

Germany's exports to the EU countries totaled €71.4 billion in the month, while imports from them amounted to €63 billion.

With the non-EU countries, Germany's exports and imports were at €62.1 billion and €63.6 billion, respectively, it added.

While most German exports went to the US, most imports came from China in the month.

Destatis also said Germany's exports to Russia dropped 6% to €1 billion, while imports from Russia decreased 1% to €1.8 billion month-on-month in October.