In February, German exports experienced a more pronounced decline than anticipated, primarily driven by reduced exports to European Union (EU) countries, according to data released by the Federal Statistics Office on Monday.<\/p>\n\n\n\n
The data revealed a 2% month-on-month decrease in exports for February, surpassing the Reuters poll forecast of a 0.5% decline. Conversely, imports surged by 3.2% during the same period, as reported by the statistics office.<\/p>\n\n\n\n
The foreign trade balance exhibited a surplus of 21.4 billion euros ($23.17 billion) in February, down from 27.6 billion euros recorded in January and 16.9 billion euros in February 2023.<\/p>\n\n\n\n
Notably, exports to EU countries experienced a notable decline of 3.9% compared to the previous month, while exports to third countries saw a modest increase of 0.4%.<\/p>\n\n\n\n
Among individual trading partners, exports to the United States notably rose by 10.2% compared to January. In contrast, exports to China experienced a slight decrease of 0.6% during the same period.<\/p>\n","protected":false},"excerpt":{"rendered":"
In February, German exports experienced a more pronounced decline than anticipated, primarily driven by reduced exports to European Union (EU) countries, according to data released by the Federal Statistics Office on Monday. The data revealed a 2% month-on-month decrease in exports for February, surpassing the Reuters poll forecast of a 0.5% decline. Conversely, imports surged …<\/p>\n","protected":false},"author":9,"featured_media":33500,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6839,7215,6987],"class_list":["post-99701","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-germany","tag-hicp","tag-inflation"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=99701"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99701\/revisions"}],"predecessor-version":[{"id":99702,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99701\/revisions\/99702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33500"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=99701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=99701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=99701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}