FRANKFURT: Germany s ballooning trade surplus, increasingly a source of friction with some of its European partners, hit a new record in September, driven by exports to the EU, data showed yesterday.
The trade surplus which has recently come under fire in both Washington and Brussels hit a new record high of ¤18.9bn ($25.4bn) in seasonally adjusted terms in September, the federal statistics office Destatis calculated.
In August, it had stood at ¤15.8bn. Germany exported goods worth ¤92.8bn in September, up from ¤91.2bn in August, the statisticians said.
Imports, on the other hand, declined to ¤73.9bn from ¤75.4bn.
In raw or unadjusted terms, the trade surplus also expanded, as exports grew faster than imports, Destatis said.
AFP
