Germany's trade balance surplus increased in May

In May of this year, Germany recorded an increase in exports by 4.4% compared with the same month a year earlier to 113.9 billion euros. The volume of imports amounted to 93.4 billion euros, its growth was at the level of 4.9%. For the month, exports increased by 1.1%, while imports decreased by 0.5%. In May, Germany’s foreign trade balance surplus amounted to 20.6 billion euros. Its volume increased compared with the April value of 17.9 billion euros. In the first five months of this year, Germany exported goods and services in the amount of 560.1 billion euros, the figure for the year increased by 2.4%. The import indicator was at the level of 466.8 billion euros, which is 4.5% more than a year earlier. The trade surplus for the five months of the year amounted to 93.3 billion euros. Over the year, the figure fell by 7%.

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