A rise in exports in Germany since September provides hope for the nation to avoid losses during the fourth quarter after a rough year for trade.
The nation, which is currently Europe's largest economy, has been struggling to get through the coronavirus pandemic but has seen a 2.3% rise in exports in September after a 2.9% increase from August, according to the Federal Statistics Office.
This has seen trade increase by €17.8 billion, well above the predicted surplus of €15.8 billion for the month.
The German government has given out stimulus packages to various industries throughout the pandemic, most notably the automotive industry as it attempts to lead the transition to greener energy.
It has also been facing mounting pressure from the US over the past year in retaliation for the Nord Stream 2 pipeline project.
However, with the result of the US presidential election resulting in a Biden victory, there is a chance the US-backed tariffs on Germany owing to the pipeline controversy could disappear, reducing further strain on its economy.
Manufacturers in the nation reported an improvement in activity in recent months, even with the second wave of the pandemic looming.
The economy grew by a record 8.2% in Q3 owing to an increase in consumer spending and exports, but the shadow of a new lockdown could slow these trends down going into the new year.
Exports to China grew 10.6% in the third quarter in comparison to September 2019. Exports to the US fell by 5.8% and to the UK by 12.4% - representing a massive loss in revenue.
According to Reuters, a survey released last Wednesday showed that German services activity shrank for the first time in four months in October.
Last Monday, the nation closed bars, restaurants, clubs, gyms and cinemas in order to stem the spread of the virus.
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