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German trade with China largely unaffected by lockdowns – stats office
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BERLIN (Reuters) – German trade with China in April was little affected by COVID-19 lockdowns and consequent disarray in supply chains, the Federal Statistics Office said on Monday.
BERLIN (Reuters) – German trade with China in April was little affected by COVID-19 lockdowns and consequent disarray in supply chains, the Federal Statistics Office said on Monday.
Germany imported goods worth 16.7 billion euros ($17.5 billion) from China in April, up 52.8% on a year earlier, said the statistics office. Importation of chemical products, up six-fold, particularly drove the increase, but other product groups also rose considerably.
Exports to China in April, on the other hand, were down 1.5% from a year before at 8.3 billion euros, according to the office.
“German foreign trade in April 2022 was still largely unaffected by the Covid-19 lockdowns in the People’s Republic of China and the related disruptions in freight transport,” it said.
Imports from Russia also rose sharply for a second consecutive month since the beginning of the war in Ukraine, growing by 41.9% to 3.7 billion euros in April, said the office.
Crude oil and natural gas were the most important import goods from Russia, growing in value terms by 37.8% to 2.2 billion euros, said the office.
“The increases in the value of imports are mainly due to the higher prices – especially in the energy sector,” said the office, which added that the volume of goods imported from Russia in April was down 26.1% on a year earlier.
($1 = 0.9540 euros)
(Reporting by Rene Wagner; Writing by Miranda Murray; Editing by Bradley Perrett)
Import refers to the process of bringing goods or services into a country from abroad for sale. It plays a crucial role in international trade and can impact a nation's economy.
Export is the act of sending goods or services from one country to another for sale. It is essential for generating revenue and can influence a country's trade balance.
The energy sector encompasses industries involved in the production and sale of energy, including oil, gas, and renewable sources. It is vital for economic stability and growth.
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