German exports in April more than 30 percent

In April 2020 were exported to Germany Goods to the value of 75.7 billion euros and imported Goods to the value of 72.2 billion euros. As the Federal Statistica

German exports in April more than 30 percent

In April 2020 were exported to Germany Goods to the value of 75.7 billion euros and imported Goods to the value of 72.2 billion euros. As the Federal Statistical office on the basis of provisional results of further reports, were the exports in April 2020 to 31.1 percent and imports by 21.6 per cent lower than in April 2019.

on the export side, this was the largest decline in a month compared to the same month last year since the beginning of the foreign trade statistics in 1950. On the side of the imports, German imports fell the least during the financial crisis, in July 2009, so strong (EUR 23.6 percent).

Also interesting: ECB: First Inflation, then a new monetary order is coming - what the saver is in FOCUS ECB: First Inflation, then a new monetary order is coming - what the saver is called

calendar and seasonal adjusted exports decreased compared to the previous month of March 2020 and to 24.0 percent, and imports by 16.5 percent. In calendar and seasonally adjusted month-on-month comparison, this was the export and import side, the largest decline since the beginning of the time series in August 1990. Webinar with Marc Friedrich: How do you now protect your wealth

Growing mountains of debt, Inflation, expensive Euro rescue: The Corona-crisis is changing the world. What do savers and investors to protect their money? Learn from best-selling author Marc Friedrich on 18. June, at 19.30 in a Webinar of FOCUS Online and Finanzen100. Here is your Ticket!

Ticket-Shop

the Lowest export surplus since 2000

The foreign trade balance closed in April 2020 with a Surplus of 3.5 billion Euro. Thus, the lowest export surplus of Germany has been detected since December 2000 (+1,7 billion Euro). In April 2019, the balance in the foreign trade balance is still +17.8 billion euros. Calendar - and seasonally adjusted basis, the Surplus of foreign trade balance in April 2020 at 3.2 billion euros.

foreign trade with EU countries

In the member States of the European Union (EU) were exported in April 2020 to a value of 38.2 billion euros and a value of 35.2 billion euros, of imported. Compared to April 2019, the exports to the EU countries fell by 34.8 per cent and imports from these countries rose by 30.1 percent.

In the countries of the Eurozone were exported in April 2020 to a value of 26.4 billion euros (-36,7%) and Goods to the value of € 24.8 billion (-28,9 percent) from these countries is imported. In the EU member States not belonging to the Euro area, were exported in April 2020 to a value of 11.8 billion Euro (-29,9%) and Goods in value of 10.4 billion euros (-32,9 percent) of imported.

foreign trade with Non-EU countries

imports In the countries outside of the European Union (third countries) were exported in April 2020, Goods to the value of 37.5 billion euros and a value of 37.0 billion euros from these countries. Compared to April 2019, the exports to the third countries by 27.0 percent and imports from there fell by 11.4 percent.

effects of the Corona-pandemic on the foreign trade with selected countries

Depending on the trading partner, the exports in the previous year, were affected compared to different extents: While exports to the people's Republic of China in April 2020 declined comparatively moderately by 12.6 percent to 7.2 billion euros, the exports in the Corona pandemic, particularly the States concerned, in France (-48,3%), Italy (-40,1%) and United States (-35,8%) in comparison to April 2019 strong.

read also: "All of the drama of the pandemic is now revealed" - German industrial production collapses solid is reached the low point yet? Mediterranean delight: the perfect Italian pasta salad with Pesto PCP Mediterranean delicacy: the perfect Italian pasta salad with Pesto

beb/dpa goes
Updated Date: 09 June 2020, 11:27

You need to login to comment.

Please register or login.

RELATED NEWS