German exports hit a record in 2022 | Business

Container port in Hamburg, Germany. (Photo: AFP/VNA)

Despite facing many difficulties, Germany’s total exports will still reach a record level in 2022.

Data from the country’s Federal Statistics Service (Destatis) show that in 2022, the total value of “made in Germany” goods exported abroad will reach 1,564 billion euros, an increase of 14.3% compared to the price level. record value reached in 2021 (1,368 billion euros).

However, according to Destatis, the value exported goods The increase is also partly due to the significant increase in the general price of commodities in recent months.

Destatis data also shows that in 2022, the total value of goods imported into Germany will increase even more strongly than exports, the main reason is because energy prices have always been high for many months. In general, the total value of goods imported into Germany reached 1,488.1 billion euros, up 24.3% compared to 2021.

[Kinh tế Đức bất ngờ sụt giảm vào quý cuối năm 2022]

However, the export value in the last month of 2022 decreased sharply. In December 2022, the value of export goods decreased by 6.3% compared to the previous month, the value of imports also decreased by 6.1%, a sharper decrease than the forecast of economists.

In the context of conflict in Ukraine continues to stretch, the challenges that the background world economy However, in 2023, the German government expects that the country’s businesses will face many difficulties in exporting goods.

According to the German government’s annual economic report, the total value of the country’s exports is expected to increase by only 2.2% in 2023.

Vu Tung (VNA/Vietnam+)

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