Brandenburg Gate in Berlin, Germany

Germany Trade May 2019

Germany: Exports rebound in May

German exports increased 1.1% month-on-month on a calendar- and seasonally-adjusted basis in May, swinging from a strong 3.4% fall in April (previously reported: -3.7% month-on-month). Imports, on the other hand, dropped 0.5% month-on-month in May, marking a softer drop than April’s 0.9% fall (previously reported: -1.3% mom). The trade surplus consequently widened to EUR 18.7 billion in May from a EUR 17.0 billion surplus in April.

On the year, exports also rebounded and jumped 4.5% in May to contrast the 0.2% drop in April (previously reported: -0.5% year-on-year). As a result, growth in the 12-month moving sum of exports increased to 2.7% in May from 2.2% in the prior month. Imports, meanwhile, grew a stronger 4.9% year-on-year in May, which is up from the 2.5% in April; the 12-month moving sum of imports picked up to 5.9% in May from 5.6% in April. The 12-month moving sum of the trade balance, however, narrowed to EUR 220.9 billion in May from EUR 222.9 billion in April.

Dr. Holger Bingmann, president of the Federation of German Wholesale, Foreign Trade and Services (BGA), stated that “the good result is overshadowed by the continuing negative trend in new orders. It is to be expected that the economic slowdown will pick up speed.”

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