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Germany Records Strong Trade Growth in April

(MENAFN) Germany experienced notable expansion in its international commerce during April, with exports climbing 3.6% compared to the same month last year, reaching €136.6 billion ($157.7 billion), according to official figures released Tuesday.

Imports also advanced significantly, rising 6.2% year-on-year to €122.1 billion ($141 billion). This resulted in a foreign trade surplus of €14.5 billion for the month.

On a monthly comparison, exports increased by 0.9% while imports grew by 1.2% relative to March.

Trade with European Union partners remained substantial, with Germany exporting €79.1 billion worth of goods and importing €61 billion. In transactions with countries outside the EU, exports amounted to €57.5 billion, while imports totaled €61.1 billion.

The United States continued to be the leading destination for German products, receiving €11.4 billion in shipments, though this represented a 12.9% decline compared to April of the previous year.

Meanwhile, China retained its position as Germany’s primary source of imports, supplying goods valued at €15.6 billion — a 7.3% increase on an annual basis.

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