German exports grew more than expected in January after declining in December, official data showed Tuesday.
Exports grew 2.2 percent month-on-month in January, reversing the 0.9 percent fall in December, Destatis said. Shipments were forecast to grow 1.5 percent.
Likewise, imports advanced 4.1 percent after declining 1.4 percent a month ago. The rate of growth far exceeded the 1.4 percent rise forecast by economists.
Due to a notable growth in imports, the trade surplus fell to a seasonally adjusted EUR 17.2 billion in January from EUR 18.3 billion in the prior month.
Year-on-year, growth in exports slowed to 2.9 percent from 4.5 percent in December. Similarly, imports rose 1.5 percent, slower than the 2.4 percent rise in December.
On an unadjusted basis, the current account surplus came in at EUR 16.2 billion in January, compared to a EUR 10.6 billion surplus seen in the corresponding period of last year.
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