German exports: -24.0% on the previous month and -31.1% in April 2020 year on year

[Sergey Golubev]

German Exports Fall Most Since 1950

Germany's exports declined at the sharpest pace since records began in 1950 due to the lockdown measures taken by economies across the globe, data published by Destatis revealed Tuesday: "Germany exported goods to the value of 75.7 billion euros and imported goods to the value of 72.2 billion euros in April 2020. Based on provisional data, the Federal Statistical Office (Destatis) also reports that exports decreased by 31.1% and imports by 21.6% in April 2020 year on year. That was the largest decline of exports in a month compared with the same month a year earlier since the introduction of foreign trade statistics in 1950. The last time German imports went down that much was in July 2009 during the financial crisis (-23.6%)."

Consequently, the trade surplus declined to EUR 3.5 billion, the lowest since December 2000, from EUR 17.8 billion in the same period last year.

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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• Ichimoku Cloud - indicator for MetaTrader 5
• ColorSchaffTriXTrendCycle - indicator for MetaTrader 5