Economic Buzz: Germanys Trade Surplus Rise To EUR 6.4 Billion In June

3 Aug 2022 , 02:42 PM

Germanys exports growth accelerated more than expected in June, while imports increased at a weaker pace, official data revealed. Exports climbed 4.5 percent in June from the previous month, Destatis reported. Meanwhile, imports growth eased more-than-expected to 0.2 percent from revised 3.2 percent in May. As a result, the trade surplus rose to EUR 6.4 billion from revised EUR 0.8 billion in May. On a yearly basis, growth in exports slowed to 14.6 percent in June from 21.7 percent in May. Likewise, imports grew at a pace of 24.9 percent, slower than the 34.5 percent increase in the previous month. Consequently, the unadjusted trade surplus plunged to EUR 7.7 billion from EUR 15.9 billion in the same period last year.Powered by Commodity Insights