The trade balance surplus of Germany fell by 3 billion 200 million euros in July

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In July 2018, the trade balance surplus of Germany, adjusted for seasonal fluctuations, declined by 3 billion 200 million euros in June to 15 billion 800 million euros, which was the lowest since March 2014. In July, it was unexpectedly recorded a decrease in exports from Germany by 0.9% compared to zero growth a month earlier to 111 billion euros. The volume of German imports for the month increased by 1.2% to 94.5 billion euros. Experts had predicted an increase in exports by 0.3%, imports - by 0.1%. The export of goods to other EU countries grew by 8% year-on-year to €64.5 billion. The import increased by 10.9% to 53 billion 700 million euros. Exports to countries outside the EU in annual terms increased by 7.1%, imports - by 13.6%.

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