ANKARA: Germany’s foreign trade surplus reached a 4-month low of pound 21.4 billion ($23.2 billion) in February, according to official data released on Monday.
The figure was down from a record high of pound 27.6 billion in January, but was up from pound 16.9 billion in February 2023, Destatis data showed.?
German exports fell 4.4% from last year to pound 132.9 billion in February and its imports dove 8.7% to pound 111.5 billion.
Compared to a month ago, exports dropped 2% while imports rose 3.2%.
Germany’s shipments to non-EU countries ticked up by 0.4% month-on-month to pound 60 billion, while its imports surged 14.7% to pound 54 billion.
Most German exports in February went to the US, valued at pound 13.8 billion, a rise of 10.7% from January.
Exports to China edged lower by 0.6% to pound 8 billion and to the UK down by 2% to pound 6.6 billion.
Germany’s main source of imports was China with pound 12.1 billion, a surge of 16% from a month earlier.?
Shipments to Russia, meanwhile, slipped 24% year-o
n-year to pound 700 million, while imports from the country totaled pound 200 million, diving 36.2% in the same period.
Source: Anadolu Agency