German exports to third countries increased slightly in November

German exports to countries outside the European Union increased slightly in November.

in short needed

  • Significant reduction in exports to Great Britain.

That’s a 1.5 percent increase compared to October, as the Federal Statistics Office announced Thursday. Adjusted for calendar and seasonality, exports were up 14 percent from February 2020 levels a month before the start of the coronavirus pandemic in Germany.

There was a significant decrease in exports to Great Britain compared to November 2020: they declined by 5.8 percent. As announced by statisticians, the total in November was 6.1 billion euros. Britain’s withdrawal from the European Union came into force in February 2020.

According to statistics, Germany’s most important non-European trading partner was the USA, with goods worth 11.0 billion euros moving there in November, an increase of 15.2 percent over the previous year. At number two was China, where goods worth 9.0 billion euros were sold. However, it is 3.2 per cent lower than last year.

In November, German companies exported goods worth 57.1 billion euros to countries outside the European Union. The exports grew by 9.5 percent over the previous year. According to the Federal Statistics Office, trade with third countries comprises an average of 47 percent of German exports.

More on the topic:

calendar business coronavirus euro eu


See also  Tesco opens first supermarket without checkout

You May Also Like

About the Author: Forrest Morton

Organizer. Zombie aficionado. Wannabe reader. Passionate writer. Twitter lover. Music scholar. Web expert.

Leave a Reply

Your email address will not be published.