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German Q3 exports up by 21.5 pct on the year

German Q3 exports up by 21.5 pct on the year

Official data show Germany's third quarter exports rose by 21.5 percent to (EURO)245 billion ($322 billion) from (EURO)202 billion a year earlier.
Germany's Federal Statistics Office said Thursday trade with other European Union member rose by 16.5 percent and amounted to almost 60 percent of all exports between July and September.
But it says exports to countries outside the bloc recorded the strongest growth, with sales to the U.S. up by 32 percent to (EURO)17 billion, and those to China by 34 percent to (EURO)14 billion. Those to Russia were up by 42 percent to (EURO)7 billion.
The data show German exports in the first three quarters combined rose from (EURO)591 billion to (EURO)703 billion as demand for German goods increased amid a strengthening world economy.


Updated : 2021-07-29 06:58 GMT+08:00