Economic Buzz: Germany Trade Surplus Declines In March

4 May 2022 , 01:40 PM

Germanys exports declined more than expected in March, while imports growth exceeded expectations. Exports fell 3.3 percent month-on-month in March, in contrast to the 6.2 percent expansion seen in February. Shipments were forecast to drop 2.0 percent. At the same time, overall imports grew 3.4 percent, following a 4.7 percent rise in February. As a result, the trade surplus fell to a seasonally adjusted EUR 3.2 billion from EUR 11.1 billion in the previous month. Year-on-year, exports growth eased to 8.1 percent from 14.5 percent in February. Likewise, imports rose 20.1 percent, following Februarys 25.0 percent increase. The unadjusted trade surplus came in at EUR 9.7 billion compared to EUR 20.8 billion in the same period last year.

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