An aerial view of containers at a loading terminal in the port of Hamburg, Germany August 1, 2018. German exports tumbled 24 per cent month-on-month in April to €75.7 billion , official data showed today. — Reuters pic
Germany's trade surplus ― widely criticised by partners and allies before the pandemic crisis as a sign of economic imbalances ― tumbled to just €3.2 billion in seasonally adjusted terms, the lowest since December 2000 and far short of the €17.8 billion reported in April 2019. Among important individual partner countries, sales to China took a “comparatively moderate” hit of 12.6 per cent year-on-year, Destatis noted, while exports to France fell by almost half, Italy 40 per cent and the US more than one-third.
Source: Financial Digest (financialdigest.net)
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