India, May 8 -- Germany's exports increased more than expected in March driven by robust shipments to the US and China, official data revealed on Thursday.
Exports increased 1.1 percent on a monthly basis in March but this was weaker than February's 1.8 percent gain, Destatis reported. Shipments were expected to climb 1.0 percent.
Meanwhile, imports fell unexpectedly by 1.4 percent, reversing a 0.5 percent rise in February. Economists had forecast a monthly growth of 0.4 percent.
As a result, the trade balance showed a surplus of EUR 21.1 billion compared to a EUR 18.0 billion surplus in February. In the same period last year, the surplus was EUR 20.5 billion.
On a yearly basis, exports rebounded 4.3 percent, in contrast to the 1.6 perc...