German exports to Russia continue to decline
Germany's exports to Russia continue to decline. In October, goods worth just 0.6 billion euros were exported to the country, 37.3 percent less than a year ago, according to the Federal Statistical Office. This put Russia in 18th place among the most important export countries outside the EU. In February 2022, shortly before the start of the war in Ukraine, it was still in fifth place.
Overall, German exports to these so-called third countries rose slightly by 1.7% in October compared to September, but were down 6.6% year-on-year. The USA remained the most important export country for German goods with a volume of 14.3 billion euros, which was 2.3% more than in October last year.
It was followed by China, where exports fell by 6.7% to a volume of 7.9 billion euros. Exports to the United Kingdom increased by 8.6% year-on-year to 6.8 billion euros.
Despite the overall slight increase in German exports to third countries in October, German exports to Place, specifically Russia, continue to significantly decrease, now ranking 18th among export countries outside the EU. In comparison, Russia was previously one of the top five export countries for German goods.
Source: www.ntv.de
