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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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Times of India

Germany records 1st export deficit in over 30 years

The seasonally adjusted figures resulted in a foreign trade deficit of almost 1 billion euros - a psychological blow to Europe's biggest economy, which prides itself on its strong export industries.

1 month ago·Mumbai, India
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Reuters

German exports dip slightly in May as imports beat expectations

German exports fell slightly in May, decreasing by 0.5% on the previous month, while imports beat forecasts, rising by 2.7%, according to Federal Statistical Office data on Monday.

2 months ago·United Kingdom
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The Guardian

Germany records first monthly trade deficit since 1991 as inflation soars

May’s €1bn deficit came as rising prices, falling demand and supply chain disruption hit industrial base

1 month ago·London, United Kingdom
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abc News

Germany records 1st export deficit in over 30 years

New figures show that Germany recorded its first monthly trade deficit since 1991 in May because of higher import prices

1 month ago·United States
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New York Times

Germany Posts First Monthly Trade Deficit in 30 Years

High energy prices and disrupted supply chains dent the image of “Made in Germany,” as May imports exceeded exports for the first time in decades.

1 month ago·New York, United States
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The Telegraph

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2 months ago·London, United Kingdom
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