German exports rose surprisingly sharply in April. Compared to the previous month, they grew by 4.4 percent to 126.4 billion euros, as reported by the Federal Statistical Office. The main reason is the good business with the USA and the euro countries. German exports to Russia, on the other hand, fell by ten percent to 0.8 billion euros in April due to the sanctions in response to the war in Ukraine and measures to restrict exports, after having collapsed by more than 60 percent in March. Imports from Russia even fell by 16.4 percent to 3.7 billion euros. Germany mainly imports oil and natural gas from there. Exports to China fell by 4.5 percent, the strict corona measures there are hampering global trade.
Trade – Surprising Export Growth – Economy
