Destatis released its trade data for Germany on Wednesday. Germany's seasonally adjusted trade surplus increased to €20.8 billion in October from 19.2 in September.

Exports fell at a seasonally and calendar-adjusted 1.2% in October, while imports dropped 3.4%.

On a yearly basis, German exports increased 3.3% in October, while imports rose by 3.0%.

Germany's current account surplus was at €23.0 billion in October, down from €25.0 billion in September. September's figure was revised down from a surplus of €25.1 billion.