German exports up
Tuesday, 5 April 2022
FRANKFURT, Apr 04 (AFP): German exports bounded higher in February, the official statistics agency said Monday, cautioning that the Ukraine conflict and sanctions against Russia were likely to cloud the picture in the months ahead.
Exports rose by a higher-than-expected 6.4 per cent on the previous month to reach a value of 124.7 billon euros ($137.5 billion), Destatis said, powered by strong demand from European Union countries.
Imports jumped 4.5 per cent month-on-month, totalling 113.1 billion euros.
But trade with Russia was "markedly down", Destatis said, with exports falling by 6.3 per cent and imports by 7.3 per cent.