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Germany's May Foreign Trade Deficit at $1,04 billion.


London, Monday, 4 July 2022


According to official data released on Monday, Germany had a €1 billion ($1.04 billion) foreign trade deficit in May.


The country's exports and imports increased 11.7 percent and 27.8 percent, respectively, to €125.8 billion and €126.7 billion in May, according to the Federal Statistical Office (Destatis).


Germany's exports decreased by 0.5 percent in May on a monthly basis, while imports increased by 2.7 percent.


Destatis added that exports to Russia rose by 29.4% to €1 billion in May from April but fell by 54.6 percent from May 2021.


In May, Germany's imports from Russia fell 9.8% month over month.


(Report by: The Decision Maker - Finance editors)