German January exports rebound from Dec fall with 2.1% rise

German exports rose by more than expected in January, recording a 2.1% rise and rebounding from a sharp drop in the prior month, according to official data released on Friday.

Exports rose 2.1% due to strong demand from the US and UK, with goods sent to the US 3.1% month-on-month and while those exported to the UK increased 7.8% on the same basis.

Imports fell by 3.4% versus December and against analysts expectations of a 2% rise and as a result the foreign trade balance showed a surplus of €16.7bn in January, up from €10bn in December.

Reporting by Frank Prenesti for Sharecast.com