For­eign trade bal­ance of €22bn

The Star Early Edition - - BUSINESS REPORT | INTERNATIONAL -

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.

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