Foreign trade balance of €22bn
GERMAN exports increased by 14.1 percent and imports by 16.2 percent year on year in May, the country’s Federal Statistical Office reported yesterday. In seasonally adjusted terms, exports went up by 1.4 percent and imports by 1.2 percent compared with that of April. Germany exported goods worth €110.6 billion (R1.69 trillion) and imported goods to the value of €88.6bn in May. The value of goods exported to EU members was €64.2bn, while the import value from those countries was €57.8bn. The export of goods to countries outside of the EU totalled €46.4 in May 2017 and the import from those countries amounted to €30.8bn, a yearon-year increase in exports of 17.3 percent and a 22.3 percent increase of imports. Germany’s foreign trade balance featured a surplus of €22bn in May.