Energy

Germany’s much-vaunted trade surplus disappears as import prices surge

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Germany trade entered negative territory in May, raising questions about the stability of its economy in the wake of Russia’s invasion of Ukraine.

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Germany is no longer exporting more than what it buys from other countries, highlighting the strains that the nation and other European economies are facing from surging energy and food prices.

Data released Monday showed that in May, Germany posted a foreign trade deficit of 1 billion euros ($1.03 billion). This marks a significant moment for the German economy, which had reported trade surpluses for several decades. Bloomberg reported that 1991 was the last time the country reported a monthly…



Source cnbc.com

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