Germany’s June exports rise by 18.4% YoY, imports increase by 27.9% YoY.

German exports were up by 4.5 per cent and imports by 0.2 per cent in June this year on a calendar and seasonally-adjusted basis compared with May, according to provisional data released by the Federal Statistical Office (Destatis). Exports in the month increased by 18.4 per cent and imports by 27.9 per cent over June 2021 figures, it reported. The country’s total goods exports in June this year were worth €134.3 billion and goods imports worth €127.9 billion.
The foreign trade balance showed a surplus of €6.4 billion in June this year. The calendar and seasonally-adjusted surplus had been €0.8 billion in May this year and €13.5 billion in June 2021.

Exports to Russia in June this year were up by 14.5 per cent to €1.2 billion over May the 2022 figure, whereas they were down by 40.3 per cent over the June 2021 figure. Imports from Russia rose by 4.8 per cent to €3.5 billion in June from May 2022. Germany exported goods to the value of €72.9 billion to the member states of the European Union (EU) in June this year, while it imported goods worth €62.8 billion from those countries in the month.

Compared with May 2022, exports to EU countries rose by 3.9 per cent and imports from those countries by 0.3 per cent. The value of the goods exported to euro area countries totalled €50.7 billion and the value of the goods imported from there was €43.1 billion.
Goods worth €22.2 billion were exported to EU countries not belonging to the euro area, while the value of the goods imported from those countries was €19.7 billion.
Exports of goods to countries outside the EU (third countries) amounted to €61.4 billion in June this year, while imports from those countries totalled €65.1 billion. Compared with May 2022, exports to third countries increased by 5.3 per cent and imports from those countries by 0.1 per cent.
Most German exports went to the United States in June this year. Exports to the United States rose to €14.2 billion. Exports to China increased by 2.4 per cent to €8.9 billion, and exports to the United Kingdom by 4.2 per cent to €6 billion.
Most imports to Germany in June came from China. Goods to the value of €17 billion were imported from there—a 3.9 per cent decrease compared with the previous month. Imports from the United States rose by 14.7 per cent to €8.5 billion. Imports from the United Kingdom dropped by 6.6 per cent to €3.2 billion in the same period.