Economics

German Exports Slump Most in Three Years on Trade Conflicts

Exports fell annual 8% in June, imports dropped 4.4%
Current-account surplus, which has drawn criticism, widened

BWMs ahead of shipping at the Port of Bremerhaven, Germany. — BWMs ahead of shipping at the Port of Bremerhaven, Germany.
Photographer: Krisztian Bocsi/Bloomberg

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By Kristie Pladson

August 9, 2019 at 6:14 AM UTC

Updated on

August 9, 2019 at 8:20 AM UTC

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German exports registered their steepest annual decline in three years in June, underscoring the plight of the manufacturing sector as global trade tensions escalate.