The country’s total exports in 2022 amounted to €1,575 billion, while imports were to the tune of €1,495 billion, according to Destatis.

Germany’s export surplus in 2022 dropped to its lowest level since 2000. The foreign trade balance fell by more than half, from a surplus of €175.3 billion in 2021 to €79.7 billion in 2022, according to the Federal Statistical Office (Destatis). One of the reasons for the decrease was the sharp rise in energy prices, which affected the cost of imports.

In addition, trade with China, which was previously the second most important country importing German goods, fell to fourth place in 2022. Germany recorded its largest trade deficit with China since the beginning of the time series in 1950.

China was the most important trading partner of Germany again, while the UK fell to rank 11. The US was the most important country importing German goods.

Fibre2Fashion News Desk (KD)