Germany Trade May 2018

Germany

Germany: Exports rebound in May

July 19, 2018

External sector data for May was positive, with exports increasing 1.8% month-on-month on a seasonally- and calendar-adjusted basis, contrasting April’s 0.3% drop. Import growth eased from 2.6% in April to 0.7% in May. As a result, the trade surplus widened from a revised EUR 19.0 billion in April (previously reported: EUR 19.4 billion) to EUR 20.3 billion in May.

On an annual basis, exports dropped 1.3% in May over the same month a year ago, contrasting the prior month’s 9.3% expansion. Growth in imports, meanwhile, was a meager 0.8% over a year ago, significantly down from April’s 8.6% expansion. Annual growth in the 12-month moving sum of exports dropped from 5.8% in April to 4.5% in May; growth of the 12-month moving sum of imports slowed from 6.8% in April to 5.6% in May. The 12-month accumulative trade balance inched up from the prior month’s revised surplus of EUR 248.8 billion (previously reported: EUR 249.4 billion) to EUR 248.9 billion in May.


Author:, Economist

Sample Report

Looking for forecasts related to Trade in Germany? Download a sample report now.

Download

Germany Trade Chart


Germany Trade12m May 2018

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.


Germany Economic News

More news

Search form