German Trade Surplus Widens 6.2% YoY In May


German trade surplus widened to EUR 22.0 billion in May of 2017 from EUR 20.7 billion in the same month a year earlier. Exports increased by 14.1 percent year-on-year to EUR 110.6 billion while imports rose by 16.2 percent to EUR 88.6 billion.

Compared with May 2016, exports rose to the EU countries (11.8 percent to EUR 64.2 billion); to the Euro Area countries (13.4 percent to EUR 40.8 billion); to EU countries not belonging to the Euro Area (9.2 percent to EUR 23.5 billion); and to countries outside the European Union (17.3 percent to EUR 46.4 billion).

Imports increased from the EU countries (13.2 percent to EUR 57.8 billion); from the Euro area countries (12.6 percent to EUR 39.1 billion); from EU countries not belonging to the Euro area (14.6 percent to EUR 18.7 billion) and from countries outside the European Union (22.3 percent to EUR 30.8 billion). 

Considering the first five months of the year, the trade surplus narrowed to EUR 100.1 billion from EUR 104.8 billion in the same period of 2016.

On a seasonally adjusted basis, the trade surplus came in at EUR 20.3 billion, as exports rose 1.4 percent from the prior month and imports went up 1.2 percent.

Destatis | Rida Husna | rida@tradingeconomics.com
7/10/2017 9:42:10 AM