German Trade Surplus Widens in May


The German trade surplus widened slightly to EUR 20.6 billion in May 2019 from EUR 20.0 billion in the same month a year earlier.

Exports increased by 4.5 percent year-on-year to EUR 113.9 billion in May. Sales to the EU grew by 0.6 percent to EUR 66.1 billion, of which Euro area (3.8 percent to EUR 42.3 billion) and non-Euro area countries (-4.8 percent to EUR 23.8 billion). In addition, exports to countries outside the EU jumped 10.4 percent to EUR 47.9 billion.

Imports rose by 4.9 percent to EUR 93.4 billion. Purchases from the EU went up 4.7 percent to EUR 54.2 billion, of which Euro area (8.7 percent to EUR 35.8 billion) and non-Euro area countries (-2.3 percent to EUR 18.4 billion). Also, imports from countries outside the EU rose 5.1 percent to EUR 39.2 billion.

Considering the first five months of 2019, the trade surplus narrowed to EUR 93.3 billion from EUR 100.4 billion in the corresponding period a year earlier.

On a seasonally adjusted basis, the trade surplus increased to EUR 18.7 billion in May from a revised EUR 16.9 billion in April, beating market consensus of EUR 17 billion.
Exports rose by 1.1 percent, above expectations of a 0.5 percent growth; while imports fell unexpectedly by 0.5 percent, against consensus of a 0.3 percent gain.

German Trade Surplus Widens in May


Destatis | Rida Husna | rida@tradingeconomics.com
7/8/2019 11:40:45 AM