Germany exported goods to the value of 102.3 billion euros and imported goods to the value of 83.1 billion euros in July 2020. Based on provisional data, the Federal Statistical Office (Destatis) also reports that exports declined by 11.0% and imports by 11.3% in July 2020 year on year.Compared with June 2020, exports were up 4.7% and imports 1.1% after calendar and seasonal adjustment. Compared with February 2020, the month before restrictions were imposed due to the corona pandemic, exports decreased by a calendar and seasonally adjusted 12.1%, and imports by 11.5%. The foreign trade balance showed a surplus of … (full story)
