WIESBADEN (dpa-AFX) – German exports to Russia fell significantly in the first half of the year as a result of the sanctions imposed due to the Ukraine war. According to the Federal Statistical Office, exports of goods fell by 34.5 percent year-on-year to EUR 8.3 billion. Imports from Russia increased in value – also due to higher energy prices – by 51.3 percent to 22.6 billion euros. In terms of volume, however, imports fell by 24.0 percent, as the Wiesbaden authority announced on Friday.
Germany is dependent on energy imports from abroad. Oil and gas prices have risen significantly since the beginning of the Ukraine war. Russia mainly supplies raw materials and energy.
According to the latest data, Germany shipped goods worth 763.9 billion euros abroad in the first six months. That was 13.4 percent more than in the same period last year. Imports increased by 26.5 percent to 729.6 billion euros./mar/DP/mis