FX.co ★ German Posts Smallest Trade Surplus in 6 Months

Germany experienced a significant reduction in its trade surplus in April 2025, which fell to €14.6 billion from a revised €21.3 billion in March. This figure also fell short of the market's expectation of €20.2 billion. The surplus reached its lowest level since October 2024, primarily due to a decrease in exports and an increase in imports. Exports decreased by 1.7% compared to the previous month, reaching a three-month low of €131.1 billion, a steeper decline than the anticipated 0.5%. This downturn was largely driven by reduced sales to the United States, China, and the United Kingdom. On the other hand, imports increased by 3.9%, hitting a 23-month high of €116.5 billion after a 1.4% fall in March.