German trade surplus grows in July

8th September 2014, Comments 0 comments

Germany's trade surplus grew strongly in July on the back of booming exports, official data showed on Monday.

In seasonally adjusted terms, Germany exported goods worth a total of 98.2 billion euros ($127 billion) in July, up 4.7 percent from the figure for June, the federal statistics office Destatis said in a statement.

Imports, on the other hand, shrank by 1.8 percent to 76.1 billion euros.

That meant the seasonally adjusted trade surplus -- the balance between imports and exports -- increased to 22.2 billion euros in July from 16.4 billion euros in June.

In unadjusted terms, the trade surplus jumped to a record 23.4 billion euros in July, Destatis said.

© 2014 AFP

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