Brandenburg Gate in Berlin, Germany

Germany Trade Balance May 2020

Germany: Merchandise exports growth accelerates in May

Merchandise exports growth accelerated to 0.3% month-on-month in May from 0.2% in April, while imports jumped 3.4% month-on-month from a 1.4% contraction in the prior month. Consequently, the calendar- and seasonally-adjusted trade surplus narrowed from EUR 15.6 billion in April to EUR 12.6 in April.

On an annual basis, exports of goods skyrocketed 36.4% in May (April: +47.6% yoy), while suggestive of healthier foreign demand dynamics, a supportive base effect flattered the reading. In May last year much of the world was in lockdown during the first wave of the pandemic, which weighed heavily on activity and foreign trade. Imports jumped 32.6% over the same month a year earlier in May on the back of a similar narrative (April: +33.6% yoy).

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest