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Germany Posts Trade Balance Deficit in May 2022, First Time Since 1991

Summary by Ground News

Germany recorded its first monthly trade deficit since 1991 in May. Exports reached 125.8 billion euros last month, while imports came in at 126.7 billion euros. Analysts attributed the rise in imports to inflation. The seasonally adjusted figures resulted in a foreign trade deficit of almost 1billion euros.

2 months ago·Berlin, Germany

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