FX.co ★ German Trade Surplus Above Estimates

In May 2025, Germany experienced a trade surplus expansion, reaching EUR 18.4 billion, an increase from the revised figure of EUR 15.7 billion in April. This surpassed market forecasts of EUR 15.5 billion, due in part to a smaller decline in exports compared to imports. Exports decreased by 1.4% month-over-month, hitting a four-month low of EUR 129.4 billion, which was a steeper drop than the projected 0.2% decline, notably affecting trade with the U.S. and China. Conversely, imports fell by 3.8% to a five-month low of EUR 111.1 billion, counteracting a downwardly revised increase of 2.2% seen in April.