Germany July trade balance €17.9 billion vs €13.6 billion prior
Latest data released by Destatis - 9 September 2021
- Prior €13.6 billion
The German trade surplus widens as exports come in stronger in July relative to June but imports were seen lower from month-on-month. That said, exports were still 1.6% and imports 5.9% higher than levels seen back in February 2020 i.e. pre-pandemic.
- Exports +0.5% m/m
- Prior +1.3%
- Imports -3.8% m/m
- Prior +0.6%