German exports fall 7.6% in July

Par :| Key words : germany-export-fall
French.china.org.cn| Updated on 23-08-2022

In July, German exports to countries outside the European Union (EU) fell 7.6% month on month, reaching 56.8 billion euros, the country’s Federal Statistical Office (Destatis) said on Monday. .

Due to a sharp rise in prices in the foreign trade market, however, nominal exports from Europe’s largest economy rose 5.5% year-on-year, according to Destatis.

The United States remained Germany’s main export market, with exports to the country rising 14.9% year-on-year to €12.5 billion. Exports to China increased by 6.1% to 8.9 billion euros.

Last week, the German Association of Electrical and Electronic Equipment Manufacturers (ZVEI) reported that electrical equipment manufacturers had increased their exports to China by 4.1% year-on-year, reaching 12.8 billion euros. in the first half of 2022.

“China’s electronics market is by far the largest in the world,” ZVEI said in a special report on foreign trade. The industry’s exports to China have grown much more dynamically than those to the rest of the world, she added.

<!–enpproperty 783838772022-08-23 02:52:33:868Allemagne-exportation-chute10027176468ActualitéActualitéhttp://french.china.org.cn/foreign/txt/2022-08/23/content_78383877.htmnullAgence de presse XinhuaEn juillet, les exportations allemandes vers des pays hors Union européenne (UE) ont chuté de 7,6 % en glissement mensuel, atteignant 56,8 milliards d’euros, a annoncé lundi l’Office fédéral de la statistique (Destatis) du pays.1/enpproperty–>

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