Berlin, August 8 (ZXS) -- According to data released by the German Federal Statistical Office on the 3rd local time, after weekday and seasonal adjustments, Germany's exports in June 3 increased by 2023.6% month-on-month, and imports fell by 0.1% month-on-month.
Data show that Germany exported 6.1313 billion euros and imported 1126.187 billion euros in June, resulting in a trade surplus of <>.<> billion euros.
Germany's exports to EU countries in June were 6.715 billion euros, up 1.3% month-on-month; Imports were €600 billion, down 3.1% month-on-month. Germany's exports to non-EU countries in June were 6.598 billion euros, down 1.1% month-on-month; Imports were €526.3 billion, down 7.<>% month-on-month.
Germany exported the most to the US in June, down 6.0% month-on-month to 2.127 billion euros; Exports to China fell 5.9% month-on-month to EUR 82.6 billion. Meanwhile, Germany imported the most from China in June, rising 5.3% month-on-month to €140 billion.
German exports to Russia fell 6.2% month-on-month to €3 million in June; Imports from Russia increased by 7.16% month-on-month to EUR 5 million.
Carsten Brzeski, head of macro research at ING, said that as with the economy as a whole, German exports had stagnated. Foreign trade is no longer a solid support for Germany's economic growth, but rather a hindrance.
The media pointed out that the second half of the year may still be difficult for European export champions. As Germany's Iver Economic Institute found in its monthly company survey released in July, the German export industry has never been worse in more than three years. Klaus Wohlrabe, head of the institute's survey, said demand development abroad was rather weak. This is also the result of the gradual entry into force of tightening monetary policy in the United States and Europe. (End)