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The German trade surplus increased to EUR 13.6 billion in October, the Federal Statistical Office reported Wednesday. The surplus stood above the expected EUR 10.7 billion and September's revised surplus of EUR 10.4 billion. A year ago, the trade balance had registered EUR 16.7 billion surplus. Upon calendar and seasonal adjustment, the foreign trade balance recorded a surplus of EUR 12.9 billion in October 2009.
The current account of the balance of payments showed a surplus of EUR 11 billion in October versus EUR 14.9 billion in the prior year. The expected surplus was EUR 9.4 billion.
The calendar and seasonally adjusted exports in October climbed 2.5% from September, while imports declined 2.4%. In September, exports and imports were up 3.6% and 5.8%, respectively. Annually, exports decreased 15.9% to EUR 74.6 billion and imports dropped 15.3% to EUR 61 billion.
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