Germany’s booming trade smashes records

Germany's booming trade smashes records
Photo: DPA
Germany's exports and imports rose to new monthly records in July, official data showed on Tuesday, underlining the robustness of Europe's top economy in the current stormy global economic seas.

In regular monthly data, the federal statistics office Destatis calculated that Germany exported €103.4 billion worth of goods in seasonally adjusted terms in July, 2.4 percent more than in the previous month.

At the same time, imports grew by 2.2 percent to €80.6 billion. The level of both exports and imports was the highest ever attained in a single month, Destatis said in a statement.

That left a trade surplus — which is the balance between exports and imports — of €22.8 billion, up from €22.1 billion the previous month, the statisticians calculated.

In unadjusted terms, the trade surplus rose to a record €25.0 billion in July from €24.1 billion in June, with foreign demand for German-made goods rising strongly to all regions, Destatis said.

Exports to the EU increased by 6.0 percent year-on-year in July, exports to the eurozone were up 5.5 percent, and exports to countries outside the EU grew by 6.4 percent, Destatis calculated. 

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