July 08, 2024 at 07:00AM
Prior €22.1 billion
The trade surplus expanded but not in the right way, with exports slumping by 3.6% on the month while imports falling by 6.6% on the month. The details show that exports to China fell by 10.2% on the month while imports from the UK fell by 9.3% on the month. Foreign trade with EU countries was also relatively poor with exports falling by 2.5% and imports by 8.9% respectively.
This article was written by Justin Low at www.forexlive.com.
Germany May trade balance 24.9 billion vs 21.1 billion expected