By Andreas Plecko
FRANKFURT (Dow Jones) — German exports to countries outside the EU rose by a calendar and seasonally adjusted 4.1 percent in April compared to the previous month. As reported by the Federal Statistical Office (Destatis), goods worth 56.2 billion euros were exported in April after calendar and seasonal adjustments. Compared to the same month last year, exports were 8.4 percent higher.
The most important trading partner for German exporters in April was the United States. Goods worth 12.0 billion euros were exported there. Exports to the United States thus increased by 19.0 percent compared to the previous year.
Goods worth 8.3 billion euros were exported to the People’s Republic of China, 1.1 percent less than in the same month last year. Exports to the United Kingdom increased by 5.6 percent to 5.4 billion euros.
German exports to the Russian Federation fell by 63.1 percent year-on-year to EUR 0.9 billion as a result of the sanctions imposed against Russia because of the Ukraine war, other measures to restrict exports and the behavior of market participants without sanctions. This put the Russian Federation in 14th place among the most important destinations for German exports outside the EU. In February, Russia was fifth.
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DJG/apo/jhe
(END) Dow Jones Newswires
May 20, 2022 02:16 ET (06:16 GMT)