Germany posted that it first monthly trade Since 1991 in May driven higher Figures released on Monday showed import prices.
Exports amounted to 125.8 billion euros ($131.5 billion). in The Federal Statistics Office said May, down 0.5% compared to April, while imports increased 2.7% to 126.7 billion euros.
seasonally adjusted result in numbers in Foreigner trade inability of Nearly 1 billion euros – a psychological blow to Europe’s largest economy that prides itself on on Its strong export industries.
Analysts attributed rise in imports for inflation.
sudden fall in Total exports were due to weak demand from the European Union countrieswho witnessed a decrease of 2.8% in exports compared with April 2022.
. said Thomas Getzel, chief economist at VP Bank, in the fall in exports should Don’t overemphasize.
“But the number of Negative reports are increasing, which is why sober view of tree leaves one with feeling troubled” added.
Germany also Exports to Russia saw a recovery of almost 30% in May compared to the previous month, after 60% drop in April because of the war in Ukraine and related sanctions.
the size of Exports to Russia last Less than a month left half of what they were in May 2021.
Most of German exports went to the United States in mayo, with 5.7% more Exported goods there is a comparison with In the previous month, to reach 13.4 billion euros, according to statistics office.
