German Trade Surplus Narrows as Exports Plunge in May


In May, Germany trade surplus decreased to € 13.1 billion, as exports fell the most since late 2009, due to a slowdown in shipments to Europe and China.

Germany's trade surplus decreased to € 13.1 billion from € 18 billion in April and € 15.6 billion in May of 2012. In the January to May period, Germany's trade surplus amounted to € 454.3 billion, down from € 455.8 billion registered in the same period of the previous year.

In May 2013, exports decreased 4.8 percent yoy and 2.4 percent mom. Germany exported € 50.0 billion to the Member States of the European Union, while purchases from those countries amounted to € 49.1 billion. Compared with May 2012, dispatches to the EU countries decreased by 7.1 percent and arrivals from those countries by 0.7 percent.

Exports of goods to countries outside the European Union (third countries) amounted to € 38.2 billion in May 2013, while imports from those countries reached € 26.1 billion. Compared with May 2012, exports to third countries decreased by 1.6 percent and imports by 5.9 percent.  

German Trade Surplus Narrows as Exports Plunge in May


Destatis | Nuno Fontes | nuno@tradingeconomics.com
7/8/2013 9:40:32 AM