Germany Trade April 2017

Germany

Germany: Exports contract in April

June 9, 2017

In April, the seasonally- and calendar-adjusted trade surplus was stable at March’s EUR 19.8. In April, exports grew 0.9% from the previous month, up from March’s 0.4% expansion. Imports grew 1.2% in April, down from March’s 2.1%.

Compared to the same month of the previous year, exports contracted 2.9% in April, contrasting March’s 10.8% rise. Import growth slowed to 5.4%, down from 14.8% in March. In the 12 months up to April, exports grew an annual 2.5%, down from March’s 3.1% increase. Imports followed the opposite trend, accelerating to 3.4% from 3.0% and pushing down the 12-month trade balance from EUR 246.8 billion to EUR 243.5 billion in April.

In a recent statement, the Federation of German Wholesale, Foreign Trade and Services (BGA) commented that April’s trade data highlighted the negative effect Brexit-related uncertainty was having on Germany’s trade performance, noting that the UK was Germany’s third largest export market.


Author:, Economist

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Germany Trade12m April 2017 0

Note: 12-month sum of trade balance in EUR billion and annual variation of the 12-month sum of exports and imports in %.
Source: Federal Statistics Office (Destatis) and FocusEconomics calculations.


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