Germany November trade balance €19.7 billion vs €14.8 billion expected

• Prior €13.4 billion

The German trade surplus picked up in November as exports were seen up by 2.2% on the month while imports are down by 3.3% on the month. Looking at the details, most German exports were to the US in November (€14.0 billion). Meanwhile, most imports were from China (€13.4 billion) even if that was down a little over 3% compared to October.

This article was written by Justin Low at www.forexlive.com.