Germany posts $11.4B foreign trade surplus in November

By Gokhan Ergocun

ISTANBUL (AA) – Germany posted a foreign trade surplus of €10.8 billion ($11.4 billion) in November, official figures revealed on Thursday.

According to the Federal Statistical Office (Destatis), Germany's exports and imports rose by 13.3% and 14.7% to €135.1 billion and €124.4 billion, respectively, year-on-year in November.

Meanwhile, on a monthly basis, Germany's exports saw a 0.3% decrease, while imports dropped by 3.3%.

The country's exports to the EU members totaled €73 billion, while imports from the EU countries amounted to €61 billion in November.

Germany's exports to non-EU countries were €62.1 billion in the same month, while imports from them totaled €63.4 billion.

The main destination for German products among non-EU countries was the US, while China was the main supplier for Germany's imports.

Germany's exports to Russia increased by 12.3% to €1.1 billion, while imports from Russia dropped by 12.2% to €1.6 billion.