According to the report from the Federal Statistical Office (Destatis), German exports in September 2020 were up 2.3% and imports were down 0.1% on August 2020, adjusted for calendar and seasonal variations. Destatis also reports that, compared with February 2020, the month before restrictions were imposed due to the coronavirus pandemic, exports were down 7.7%, and imports 5.7%, adjusted for calendar and seasonal effects.
Germany exported goods to the value of 109.8 billion euros and imported goods to the value of 89.0 billion euros in September 2020. Compared with September 2019, exports decreased by 3.8%, and imports by 4.3% in September 2020.
The foreign trade balance showed a surplus of 20.8 billion euros in September 2020. In September 2019, the surplus amounted to 21.2 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 17.8 billion euros in September 2020.
The German current account of the balance of payments showed a surplus of 26.3 billion euros in September 2020, which takes into account the balances of trade in goods (+23.2 billion euros), services (-0.8 billion euros), primary income (+7.4 billion euros) and secondary income (-3.4 billion euros). In September 2019, the German current account showed a surplus of 23.5 billion euros.