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Germany: export down 9.3% in 2020

Biggest slump since the 2009 financial crisis

09 February, 12:45
(ANSA) - BELGRADE, FEB 9 - In the whole of 2020, exports from Germany were 9.3%, and imports 7.1%, lower than in 2019, the German Federal Statistical Office (Destatis) said in a statement today. In December 2020, exports were up 0.1% and imports were down by 0.1% compared to November 2020, Destatis informed.

"The 9.3% decrease in exports and the 7.1% decline in imports, as compared with 2019, were the largest year-on-year decreases in both exports and imports since the financial and economic crisis in 2009," Destatis noted. (ANSA).

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