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The Guardian - UK

World

Richard Partington Economics correspondent

Germany records first monthly trade deficit since 1991 as inflation soars

Deficit Germany Inflation Supply chain Russia

A container crane stacks freight containers at Duisburg, Germany. — A container crane stacks freight containers at Duisburg, Germany. Photograph: Sascha Steinbach/EPA

Germany has recorded its first monthly trade deficit since 1991 amid soaring inflation and supply chain disruption weighing on the country’s industrial base.

Figures from the country’s statistics agency showed a surge in the value of imports and modest decline in exports had pushed Europe’s largest economy into a trade deficit of €1bn (£860m) in May.

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