Germany May trade balance €14.4 billion vs €17.5 billion expected

<ul><li>Prior €18.4 billion</li></ul><p>The German trade surplus narrows slightly as exports fell 0.1% on the month while imports grew by 1.7% on the month. An interesting thing to note is that German trade with Russia has dropped significantly since the whole Russia-Ukraine conflict. Exports to Russia are seen down 34.4% compared to a year ago while imports are down 92.6% compared to the same month last year.</p>

This article was written by Justin Low at www.forexlive.com.