Germany July trade balance €17.9 billion vs €13.6 billion prior

Author: Justin Low | Category: News

Latest data released by Destatis - 9 September 2021

  • Exports +0.5% m/m
  • Prior +1.3%
  • Imports -3.8% m/m
  • Prior +0.6%
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.
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