Germany exports dropped -29.7% yoy in May, imports dropped -21.7% yoy
<p>Germany’s export dropped -29.7% yoy to EUR 80.3B in May. Imports dropped -21.7% yoy to EUR 73.2B. Trade surplus widened to EUR 7.1B (or EUR 7.6B calendar and seasonally adjusted). Current account of the balance of payments showed a surplus of EUR 6.5B. Exports to EU countries dropped -29.0% yoy while imports dropped -25.2% yoy. […]</p>
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