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NEWS

German exports to the United States decline

Berlin, Jul 8 (Prensa Latina) The Federal Statistical Office (Destatis) reported that German exports to the United States fell 7.7 percent in May equal to the previous month.

They added that this indicator is weighed down by the uncertainty generated due to the tariff conflict with that country.

The entity specified that the value of goods amounted to 12.1 billion euros in May, which was the lowest figure since March 2022.

Destatis added that, in a year-on-year comparison, exports fell in May last year by 13.8 percent.

Overall, German exports declined 1.4 percent in May compared to the previous month, after adjusting for calendar and seasonal effects. Imports, in turn, fell 3.8 percent month-on-month.

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