Germany posts $1.04B foreign trade deficit in May
Germany's exports drop 0.5% month-on-month in May
Germany posted a foreign trade deficit of €1 billion ($1.04 billion) in May, according to official figures released on Monday.
According to the Federal Statistical Office (Destatis), the country's exports and imports rose 11.7% and 27.8% to €125.8 billion and €126.7 billion, respectively, year-on-year in May.
On a monthly basis, Germany's exports saw a 0.5% decline, while imports rose 2.7% in May.
Destatis also said the country's exports to Russia increased 29.4% to €1 billion in May versus April, and dropped 54.6% versus May 2021.
Germany's imports from Russia declined 9.8% month-on-month in May.Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.