FRANKFURT, Aug 03 (AFP): German exports increased for the third month in a row, data published Wednesday showed, despite fears that Europe's largest economy could soon pitch into recession.
Germany exported 134.3 billion euros ($136.8 billion) worth of goods in June, 4.5 per cent more than in May, according to seasonally adjusted figures from the federal statistics agency Destatis.
The closely watched indicator was 18.4 per cent higher than in June last year.
Germany's trade balance remained positive at 6.4 billion euros, with the total value of goods imported in June sitting at 127.9 billion euros.
Exports to EU countries were rose by 3.9 per cent from May, while those to other countries rose by 5.3 per cent.
Exports to Russia increased by 14.5 per cent between May and June, albeit from a relatively low base.
The export figure for June was 40.3 per cent below its level in 2021 with trade collapsing after Western countries slapped tariffs on Russia for its invasion of Ukraine in February.
German exports rise again
FE Team | Published: August 03, 2022 23:00:06
German exports rise again
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