By Maria Martinez

German exports rose in June for the second consecutive month after suffering a record decline in April due to restrictions aimed at containing the coronavirus.

German exports rose 14.9% in June from in adjusted terms, the statistics office Destatis said Friday. Economists had forecast a 14.4% increase in exports in adjusted terms, according to a poll by The Wall Street Journal.

In June, imports grew 7.0% on the month. The figures account for seasonal swings and calendar effects.

Compared with February, the month before the coronavirus lockdown, exports decreased by a calendar and seasonally adjusted 16.0%, and imports fell 12.5%, Destatis said.

Germany's trade surplus--the balance of exports and imports of goods--totaled 14.5 billion euros ($17.2 billion) in calendar and seasonally adjusted terms in June, Destatis said.

Exports totaled EUR96.1 billion, while imports amounted to EUR80.5 billion, both in adjusted terms. Of the exports, EUR51.2 billion went to European Union member states and EUR44.9 billion to other countries.

According to provisional results from the Deutsche Bundesbank, the current account of the balance of payments showed a EUR22.4 billion surplus, which takes into account the balances of trade in goods including supplementary trade items, services, primary income and secondary income.

The trade figures follow data released earlier this week, which showed a rebound of the German industrial sector in June. Manufacturing orders increased 27.9% and industrial output posted a 8.9% gain.

Write to Maria Martinez at maria.martinez@wsj.com

(END) Dow Jones Newswires

August 07, 2020 02:31 ET (06:31 GMT)

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