By Maria Martinez
German exports continued their gradual recovery in June, rising more than expected.
Exports rose 1.3% on month in adjusted terms, statistics office Destatis said Monday. Economists had forecast a 0.4% increase in adjusted terms, according to a poll by The Wall Street Journal.
Imports increased 0.6% on month, Destatis said. The figures account for seasonal swings and calendar effects.
In June, exports were 1.1% higher and imports 10.0% higher than in February 2020, the month before restrictions were imposed in Germany because of the coronavirus pandemic.
Germany's trade surplus--the balance of exports and imports of goods--totaled 13.6 billion euros ($16 billion) in calendar and seasonally adjusted terms in June, Destatis said. Economists polled by the Journal had forecast the trade surplus at EUR13.0 billion.
According to provisional results from central bank Deutsche Bundesbank, the current account of the balance of payments showed a EUR22.5 billion surplus in June, taking into account the balance of trade in goods including supplementary trade items, services, primary income, and secondary income.
Write to Maria Martinez at maria.martinez@wsj.com