- Prior €11.5 billion
- Exports -3.3% vs -2.0% m/m expected
- Prior +6.4%
- Imports +3.4% vs +1.0% m/m expected
- Prior +4.5%
Some of the numbers here are skewed due to the sanctions arising from Russia-Ukraine conflict, with German exports to Russia declining by 62.3% on the month to €0.9 billion and imports from Russia falling by 2.4% to €3.6 billion in March. Much like elsewhere around the globe, higher energy imports is likely the prime cause for the narrowing in the trade surplus.
