Exports – slump in December – economy

German exporters sold significantly less overseas in December. Exports to countries outside the European Union (EU) shrank by 9.6 percent compared to the previous month to 56.3 billion euros, as the Federal Statistical Office announced on Friday. Compared to the same month last year, however, there was growth of 6.5 percent, which is also due to the sharp rise in foreign trade prices, as the statisticians emphasized. The United States remained the most important customer for German exporters. Goods worth 12.4 billion euros were exported there – an increase of 16.1 percent compared to December 2021. Business with China, which had long suffered from the strict corona restrictions that only recently ended in the People’s Republic, fell within a year by 0.6 percent to 8.4 billion euros. Exports to Great Britain increased by 2.3 percent to 5.0 billion euros. On the other hand, German deliveries to Russia collapsed again as a result of the war in Ukraine and Western sanctions, by 59.1 percent to 0.8 billion euros.

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