German export surplus drops to €80 bn, lowest since 2000

The country’s total exports in 2022 amounted to €1,575 billion, while imports were to the tune of €1,495 billion, according to Destatis.

In addition, trade with China, which was previously the second most important country importing German goods, fell to fourth place in 2022. Germany recorded its largest trade deficit with China since the beginning of the time series in 1950.

China was the most important trading partner of Germany again, while the UK fell to rank 11. The US was the most important country importing German goods.

Fibre2Fashion News Desk (KD)