BUSINESS German exports to China rise 16%

BUSINESS

German exports to China rise 16%

Xinhua

13:58, August 10, 2021

Visitors gather at the booth of Miji from Germany at the Consumer Goods exhibition area during the third China International Import Expo (CIIE) in Shanghai, east China, Nov. 6, 2020. (Photo: Xinhua)

Germany's exports to China rose by 16 percent year-on-year to 9.5 billion euros (11.2 billion U.S. dollars) in June, according to provisional data published by the Federal Statistical Office (Destatis) on Monday.

With goods imported worth 10.9 billion euros, China remained Germany's biggest import country in June, up 11.1 percent year-on-year, according to Destatis.

"Growth in foreign trade is primarily generated by demand in the United States, China and, not least, the EU," said Anton Boerner, president of the Federation of German Wholesale, Foreign Trade and Services (BGA), on Monday.

Overall, Germany exported goods worth 118.7 billion euros in June, up 1.3 percent month-on-month and 23.6 percent year-on-year, according to Destatis. Total imports stood at 102.4 billion euros during the period, up 0.6 percent month-on-month and 27 percent year-on-year.

German imports and exports both recovered losses during the COVID-19 crisis and rose 10.0 percent and 1.1 percent respectively compared to February 2020, before Germany entered its first lockdown.

German exports to the rest of the European Union (EU) grew 26.1 percent year-on-year and reached 64.5 billion euros in June, according to Destatis. (1 euro = 1.18 U.S. dollars)

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