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German trade surplus widens in July on stronger exports

Germany's foreign trade surplus widened in July as exports rose and imports declined, provisional data from the Federal Statistical Office showed.

The calendar- and seasonally adjusted trade surplus increased to €20.2 billion in July from €18.0 billion in June. Exports ticked up 0.7% to €111.2 billion, while imports fell 1.5% to €91.0 billion.

The unadjusted trade surplus came in at €21.4 billion, up from €16.6 billion a month ago. Compared to a year earlier, exports increased 3.8% in July, while imports slipped 0.9%.

Exports to EU countries fell 0.5% year over year, while shipments to third countries grew 9.8%.

For the first seven months of the year, Germany's foreign trade surplus declined to €131.1 billion from €138.8 billion in the year-ago period.

Germany's current account surplus rose to €22.1 billion in July from €20.9 billion in the prior month.