German exports to countries outside the EU rise by 3.7%
The Federal Statistical Office in Wiesbaden announced that Germany's exports to non-EU countries increased by 3.7% in April, compared to March. The value of these exports reached €62.1 billion. This marks a 17.5% increase from April 2023.
Germany's biggest customer outside the EU continued to be the US, with €14.6 billion worth of goods exported to them. This represents a 22.3% year-on-year rise.
Notably, China purchased €8.8 billion worth of German products in April, marking an increase of 13.2% from the same month in 2023. The UK, another major customer, saw a significant increase of 31.3%, with €7.3 billion worth of exports.
Switzerland, the fourth most important client outside the EU, also bought more from Germany. Their import volume increased by 27.4% year-on-year to €10.2 billion.
However, Germany's exports to Russia continued to decline in April, falling to €0.7 billion. Exports to Turkey and Japan also experienced a decrease.
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The 3.7% increase in German exports to non-EU countries in April was primarily driven by the US, with a 22.3% year-on-year rise in exports. This percent increase in exports contributes to the overall value of €62.1 billion. Additionally, Germany's exports to non-EU countries have surpassed the April 2023 figure by 17.5%.
Source: www.ntv.de
