Market news
08.07.2021, 06:19

Germany's trade surplus declined in May

According to the report from the Federal Statistical Office (Destatis), in May 2021, German exports were up by 0.3% and imports by 3.4% on a calendar and seasonally adjusted basis compared with April 2021. Destatis also reports that, after calendar and seasonal adjustment, exports were 0.3% lower and imports 9.4% higher than in February 2020, the month before restrictions were imposed due to the coronavirus pandemic in Germany.

Germany exported goods to the value of 109.4 billion euros and imported goods to the value of 97.1 billion euros in May 2021. Compared with May 2020, exports increased by 36.4% and imports by 32.6% in May 2021. This rise is basically due to the low level of foreign trade in the comparison month (base effect).

The foreign trade balance showed a surplus of 12.3 billion euros in May 2021. In May 2020, the surplus amounted to 7.0 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 12.6 billion euros in May 2021.

The German current account of the balance of payments showed a surplus of 13.1 billion euros in May 2021, which takes into account the balances of trade in goods (+14.4 billion euros), services (+1.2 billion euros), primary income (-0.1 billion euros) and secondary income (-2.4 billion euros). In May 2020, the German current account showed a surplus of 7.1 billion euros.

© 2000-2022. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location