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- German foreign trade balance showed a surplus of 22.0 billion euros in May
German foreign trade balance showed a surplus of 22.0 billion euros in May
Germany exported goods to the value of 110.6 billion euros and imported goods to the value of 88.6 billion euros in May 2017. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 14.1% and imports by 16.2% in May 2017 year on year. After calendar and seasonal adjustment, exports were up by 1.4% and imports by 1.2% compared with April 2017.
The foreign trade balance showed a surplus of 22.0 billion euros in May 2017. In May 2016, the surplus amounted to 20.7 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 20.3 billion euros in May 2017.
According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 17.3 billion euros in May 2017, which takes into account the balances of trade in goods including supplementary trade items (+24.4 billion euros), services (-2.0 billion euros), primary income (-3.6 billion euros) and secondary income (-1.5 billion euros). In May 2016, the German current account recorded a surplus of 17.9 billion euros.
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