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Wednesday, January 22, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

Germany.. Exports fell sharply in March

Data released by the Federal Statistical Agency (Distatis) showed that Germany exported goods worth 129 billion euros in March, down 5.2% from February.

This decline comes after two consecutive months of growth.

Imports also fell in March by 6.4% to 113 billion euros, which led to a trade surplus of 16.7 billion euros on a monthly basis.

Demand for German goods fell across all sectors, with exports to the European Union down 6.2%.

More worryingly, exports to the United States, a major market for Europe, fell by 10.9%.

Overall, the proportion of German exports to countries outside the European Union fell by 4%.

Last Friday, Germany released official data showing steady growth in the first quarter of the year, despite expectations of a slight recovery.

Analysts had warned that a slowdown in the United States could hurt Europe’s biggest economy.

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Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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