Germany June trade balance €18.7 billion vs €15.0 billion expected

  • Latest data released by Destatis - 3 August 2023
DE trade
  • Prior €14.4 billion

The German trade surplus grew in June, owing to a 0.1% increase in exports while imports slumped by 3.4% on the month. After the fallout last year from the Russia-Ukraine conflict, trade conditions have stabilised this year as import prices have also come off the boil.

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