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- Germany trade surplus fell in April
Germany trade surplus fell in April
According to provisional data from Destatis, Germany exported goods to the value of 109.7 billion euros and imported goods to the value of 91.7 billion euros in April 2019. German exports declined by 0.5%, while imports increased by 2.1% in April 2019 year on year. After calendar and seasonal adjustment, exports were down 3.7% and imports 1.3% compared with March 2019.
The foreign trade balance showed a surplus of 17.9 billion euros in April 2019. In April 2018, the surplus amounted to 20.4 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 17.0 billion euros in April 2019.
According to provisional results of the Deutsche Bundesbank, the current account of the balance of payments showed a surplus of 22.6 billion euros in April 2019, which takes into account the balances of trade in goods including supplementary trade items (+19.2 billion euros), services (-0.7 billion euros), primary income (+7.6 billion euros) and secondary income (-3.6 billion euros). In April 2018, the German current account showed a surplus of 22.7 billion euros.
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