Germany’s trade surplus beats forecasts in May
Germany’s calendar-adjusted trade surplus rose more than expected in May 2025, reaching €18.4 billion, up from €14.6 billion in April. The figure came in well above analysts’ expectations of a €15.7 billion surplus.
According to the Federal Statistical Office (Destatis), exports fell by 1.4% on a monthly basis, following a 1.7% drop in April and missing forecasts for a smaller 0.2% decline. Imports, meanwhile, rose by 3.8%, exceeding expectations for a 0.9% decrease and accelerating slightly from April’s 3.9% increase.
The stronger-than-expected surplus was driven by the sharp rise in imports outpacing the decline in exports.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
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