FXstreet.com (Barcelona) - German trade balance has widened considerably in April driven by an increase on exports, according to data released by German Statistics.
In April, German trade surplus widened to 18.7 billion euro from 16.6 billion in March. Imports decreased 2.1% month on month, while exports increased 1.2%. Year on year, imports have risen 11.7% from April 2007, while exports increased 13.9%.
The current account t of the balance of payments has thrown a 14.5 billion surplus, according to data by the Bundesbank, down from the 17.5 billion surplus posted in March.