German Import Growth Outpaces Exports In Q3

Germany exported commodities to the value of EUR 250 billion in the third quarter, the Federal Statistical Office reported Monday. This represents an increase of 4.1% from the same quarter a year earlier. Upon price adjustment, exports grew 1.5%.

On the other hand, commodities worth EUR 211 billion were imported to Germany. Compared with the previous year, this was an increase of 10.9%. Further, the statistical office said due to price increases of energy imports in particular, imports experienced a lower growth of 4.4% in real terms.

by RTTNews Staff Writer

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