• German exports to non-EU countries grow 27.9% in May

Market news

24 June 2021

German exports to non-EU countries grow 27.9% in May

RTTNews reports that preliminary data from Destatis showed that Germany's exports to countries outside the European Union grew sharply in May from the same month last year, driven by a surge in shipments to the US and the UK.

Exports to non-EU countries rose 27.9 percent year-on-year to EUR 48.4 billion. Shipments to the US jumped 40.9 percent and those to the UK surged 44.6 percent. Exports to China grew 17.7 percent.

The strong increases were also due to the very low level of foreign trade in May 2020 or base effect, the agency said.

On a calendar and seasonally adjusted basis, exports to non-EU countries decreased 3.0 percent from the previous month.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.