ISTANBUL: German exports and imports declined on a yearly basis in June, the federal statistical bureau Destatis revealed on Wednesday.
The country’s exports totaled pound 127.7 billion ($139.5 billion), down 4.4%, while imports amounted to pound 107.3 billion in a 6.4% fall, Destatis stated.
The country’s foreign trade surplus was at pound 20.4 billion in June.
Goods exports to other EU members totaled pound 69.7 billion, while imports were worth pound 56.3 billion.
Exports of goods to countries outside the bloc amounted to pound 57.9 billion, while imports from these countries totaled pound 51 billion.
Exports to Russia declined by 3.2% to pound 600 million in June versus May 2024. Compared with June 2023 – when exports to Russia had already taken a sharp downturn over the war in Ukraine – exports fell by 22.2%.
Imports from Russia dropped 1.5% to pound 200 million in June from May and were down 44.8% compared with June 2023.
Source: Anadolu Agency