German exports get 4.4% boost in April despite dwindling trade with Russia
2022.06.03 09:26
Cargo ships are loaded at a container terminal in a harbour in Hamburg, Germany, April 27, 2022. REUTERS/Fabian Bimmer
BERLIN (Reuters) – German exports rose more than forecast in April, rising by 4.4% on the previous month, while imports increased by 3.1%, according to data released by the Federal Statistical Office on Friday.
A Reuters poll had predicted a month-on-month rise in exports of 1.5%.
Exports from Germany to Russia dropped in April by 10%, after plummeting by 60% in March amid severe Western sanctions on Moscow for its invasion of Ukraine, the office said.
In April, Germany had a seasonally adjusted trade surplus of 3.5 billion euros ($3.76 billion), the office reported, versus a forecast 1.6 billion euros.
($1 = 0.9300 euros)
