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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

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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