Germany's exports fell 3.6% in May, imports dropped 6.6%, but trade surplus widened to €24.9bn.
Germany's exports fell more than expected in May, down 3.6% compared to April, while imports dropped 6.6% amidst weakening demand from China and the U.S. The trade surplus, however, unexpectedly widened to €24.9bn, up from €22.2bn in April. Exports to the U.S. and China decreased 2.9% and 10.2% respectively, while imports from China and the U.S. increased 1.7% and 4.6% respectively.
July 08, 2024
12 Articles