Mumbai, July 8 -- Germany's exports declined for the second straight month in May due to the sharp fall in demand from the US amid tariff threats, data from Destatis revealed on Tuesday.
Exports decreased by more-than-expected 1.4 percent on a monthly basis in May, following April's 1.6 percent fall. Economists had forecast a 0.2 percent drop.
Imports slid 3.8 percent from last month, in contrast to the 2.2 percent increase in April. Imports were forecast to drop only by 0.9 percent.
Due to the fall in imports, the trade surplus increased to a seasonally adjusted EUR 18.4 billion from EUR 15.7 billion in the previous month.
Year-on-year, exports advanced 2.8 percent in May, reversing a 5.1 percent drop last month and imports logged a fa...