RTTNews - Total German exports in the first quarter dropped 21.2% year-on-year to EUR 199 billion, the Federal Statistical Office said Tuesday. A year ago, exports were worth EUR 252.5 billion.
Exports to countries outside the EU fell 19.6% to EUR 71.7 billion. Shipments to China were down 3.3% to EUR 7.6 billion and those to Switzerland decreased 7.3% to EUR 9 billion and fell 8% to EUR 1.8 billion to India. The statistical office said the decrease in exports to these countries were smaller compared to the drop in total exports.
Above-average drops were recorded for exports to Turkey, a 38.7% fall to EUR 2.5 billion and to Russia by 31.4% to EUR 5.2 billion. Exports to the United States fell 26.4% to EUR 13.8 billion, those to Japan by 22.4% to EUR 2.6 billion.
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