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Russia and Ukraine not important foreign trade partners

Dozens of freight containers are stacked up in the port of Hamburg..aussiedlerbote.de
Dozens of freight containers are stacked up in the port of Hamburg..aussiedlerbote.de

Russia and Ukraine not important foreign trade partners

Thuringia's foreign trade with Russia declined last year. It increased with Ukraine. This is according to data presented by the State Statistical Office for 2022 on Wednesday. However, neither country is an important trading partner for the Free State in terms of volume. The development of imports and exports was also influenced by the Russian war of aggression against Ukraine. However, they had also fluctuated significantly in the past, according to the statisticians.

In 2022, imports from Russia accounted for 0.3 percent of all Thuringian imports, while imports from Ukraine accounted for 0.2 percent. In terms of volume, 1.5 percent of Thuringia's exports went to Russia and 0.4 percent to Ukraine. From this low level, exports to Ukraine grew by a quarter and imports by almost a third. Thuringia mainly purchased machinery.

The state office did not provide any absolute figures on foreign trade with either country. There is no price-adjusted foreign trade data for the federal states, it said.

Despite Russia and Ukraine not being significant foreign trade partners for Thuringia in terms of volume, the state observed a growth in exports to Ukraine by a quarter and imports by almost a third in 2022. In contrast, Thuringia's foreign trade with Russia declined last year but still accounted for a small percentage of the state's imports and exports.

Source: www.dpa.com

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