West News Wire: A rise in import prices in May led to Germany’s first monthly trade deficit since 1991, according to data released on Monday.

Exports last month totaled 125.8 billion euros ($131.5 billion), according to the Federal Statistical Office, while imports came in at 126.7 billion euros.

The seasonally adjusted numbers showed a deficit in foreign trade of nearly 1 billion euros, which dealt a psychological blow to the biggest economy in Europe, which takes pride in its robust export sectors.

Analysts blamed inflation for the increase in imports.

Germany’s exports to Russia also increased by almost 30% in May compared to the prior month, following a 60% decline in April as a result of the conflict in Ukraine and associated sanctions. Last month, fewer goods were exported to Russia than half of what they were in May 2021.

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