German trade surplus narrows in January

The German trade surplus narrowed in January as imports grew faster than exports, official data showed on Monday.

Europe's biggest economy exported 91.9 billion euros ($119.6 billion) worth of goods in calendar and seasonally-ajusted terms in January, an increase of 1.4 percent from December, the national statistics office Destatis said.

Imports rose by a much stronger 3.3 percent to 76.2 billion euros.

That meant the seasonally-adjusted trade surplus declined to 15.7 billion euros in January from 16.9 billion euros in December, statisticians calculated.

By contrast, on a 12-month basis, the unadjusted trade surplus expanded slightly to 13.7 billion euros in January compared with 13.2 billion euros a year earlier, as exports grew by 3.1 percent year-on-year while imports advanced by 2.9 percent, Destatis said.