German exports rose in February after falling in January, according to the statistical service destatis.
Exports increased 6.4% on a monthly basis on adjusted terms, while imports increased 4.5% on a monthly basis.
Monthly exports increased by 14.3% compared to the level at which it was formed in February 2021, while imports were higher by 24.6%.
In trade with Russia, exports fell by 6.3% and imports by 7.3% compared to January.
Trade with Russia was not restricted until the end of February, as a result of the country’s attack on Ukraine, and the consequent sanctions imposed on it.
“It is expected that, from March, data on international trade will show in detail how much the German trade with the Russian Federation will be affected by sanctions, further export restrictions and the conduct of those not subject to sanctions,” destatis said. .
Germany’s trade surplus stood at 11.5 billion euros in February, compared to estimates for 10.5 billion euros.
In February, the surplus was set at 18.2 billion euros,
Source: Capital
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