German exports to non-EU countries value reaches €59.4 bn in May 2023

23 Jun '23

1 min read

Pic: Shutterstock/Novikov Aleksey

Insights

German exports to non-EU nations, also called third countries, grew by 1 per cent in May 2023, equating to €59.4 billion after adjustments.
This reflects a 1.5 per cent annual increase, indicating Germany's solid global trade performance.
However, the unadjusted exports totalled €59.1 billion, a 2.3 per cent decline from the same month the prior year.

In May 2023, German exports to non-European Union (EU) countries, also known as third countries, rose by 1.0 per cent from the previous month, as per provisional data. Following seasonal and calendar adjustment, the value of exported goods reached €59.4 billion.

The increase in exports marks a 1.5 per cent rise compared to the same month the previous year. The uplift in May’s exports suggests a steady growth trend, indicative of Germany’s solid performance in international trade, the Federal Statistical Office (Destatis) said in a press release.

However, the original value of these exports, without any adjustments, was €59.1 billion. This represents a decrease of 2.3 per cent from the same month a year earlier.

The value of goods exported for April 2023 totalled €56.5 billion after calendar and seasonal adjustments.

ALCHEMPro News Desk (NB)

More Textiles News - Germany...