Germany's exports rose sharply in the first half of the year

by:Gewinn     2022-05-23
According to data released by the German Federal Statistics Office on the 15th, benefiting from increased demand in emerging markets including Russia and China, Germany's exports in the first half of this year increased by 6.9% over the same period last year, reaching 511.2 billion euros. Statistics show that in the first half of this year, Germany's total imports increased by 7.1% year-on-year; the total import and export volume reached 918.8 billion euros. In the first half of the year, Germany's exports to the rest of the EU increased by 5% to 330.1 billion euros. Exports to countries outside the EU increased by 10.4%, with exports amounting to 181.1 billion euros. Exports to Brazil, one of the BRIC countries, grew the fastest, at 28.8%, exports to Russia and India increased by 23.4% and 22.5% respectively, while exports to China also maintained double-digit growth. But exports to the United States and Japan rose only 2.5 percent and 0.7 percent, respectively. However, according to the forecast of the German Wholesale and Foreign Trade Federation (BGA), Germany's export growth will slow down next year as the overall growth rate of the world economy slows.
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