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German Trade Surplus Hits Fresh Monthly Record in April

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German imports unexpectedly fell in April while exports were unchanged, propelling the trade surplus of Europe’s biggest economy to a fresh monthly record despite weaker demand from emerging markets such as China.

The overall solid trade data, published by the Federal Statistics Office on Thursday, are likely to stir up a debate about how Germany’s relatively strong exports are continuing to fuel global economic imbalances.

The International Monetary Fund (IMF) and the Organisation for Economic Cooperation and Development (OECD) have for years urged Germany to step up public and private investment in infrastructure to reduce its current account surplus.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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