Containers of Chinese corporations China Shipping and COSCO (China Ocean Shipping Company) are loaded on a container as it’s leaving the port in Hamburg, Germany March 11, 2020. REUTERS/Fabian Bimmer
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BERLIN, June 13 (Reuters) – German trade with China in April was little affected by COVID-19 lockdowns and consequent disarray in provide chains, the Federal Statistics Office stated on Monday.
Germany imported items value 16.7 billion euros ($17.5 billion) from China in April, up 52.8% on a yr earlier, stated the statistics office. Importation of chemical merchandise, up six-fold, notably drove the rise, however different product teams additionally rose significantly.
Exports to China in April, alternatively, had been down 1.5% from a yr earlier than at 8.3 billion euros, in line with the office.
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“German foreign trade in April 2022 was still largely unaffected by the Covid-19 lockdowns in the People’s Republic of China and the related disruptions in freight transport,” it stated.
Imports from Russia additionally rose sharply for a second consecutive month because the starting of the conflict in Ukraine, rising by 41.9% to three.7 billion euros in April, stated the office.
Crude oil and pure gasoline had been a very powerful import items from Russia, rising in worth phrases by 37.8% to 2.2 billion euros, stated the office.
“The increases in the value of imports are mainly due to the higher prices – especially in the energy sector,” stated the office, which added that the amount of products imported from Russia in April was down 26.1% on a yr earlier.
($1 = 0.9540 euros)
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Reporting by Rene Wagner; Writing by Miranda Murray; Editing by Bradley Perrett
Our Standards: The Thomson Reuters Trust Principles.
German trade with China largely unaffected by lockdowns – stats office & More Latest News Update
German trade with China largely unaffected by lockdowns – stats office & More Live News
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German trade with China largely unaffected by lockdowns – stats office & More News Today
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