German exports fall 6.3% in December
By Frank Prenesti
Date: Thursday 02 Feb 2023
(Sharecast News) - German exports fell more than expected in December as the impact of high inflation and the war in Ukraine hit trade, according to official data released on Thursday.
Exports fell by 6.3% compared with November, while imports fell by 6.1%.
For the full calendar year, exports rose 14.3% on 2021 on a seasonally-adjusted basis. Imports gained by 24.3%, driven by increased energy prices due to Russia's unprovoked invasion of Ukraine.
Reporting by Frank Prenesti for Sharecast.com
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