FX.co ★ German Trade Surplus Widens in December

Germany's trade surplus expanded to €17.1 billion in December 2025, increasing from €13.6 billion in November, and exceeding market expectations of €14.1 billion. Exports climbed by 4.0% to reach a 20-month high of €133.3 billion, far surpassing the anticipated 1.0% increase. This growth in exports was driven by robust shipments to the United States and other non-EU nations, with exports to the US, Germany's largest market, experiencing an 8.9% rise. Additionally, exports increased to China (up 10.7%), the United Kingdom (up 14.6%), and Russia (up 1.8%). On the imports side, there was a 1.4% rise to a 29-month high of €116.2 billion, also topping expectations of a 0.2% increase, due to increased purchases from both EU and non-EU countries, including the US (up 3.0%) and China (up 4.1%).