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DE | Germany sees massive dip in Russia exports, uptick in China imports, 13 June

Germany's exports to Russia have taken a nosedive since the invasion of Ukraine, the Federal Stastical Office, or Destatis, reported on Monday. At the the same time, however, imports into Germany from Russia were booming.
[...]
"The import surplus in foreign trade with Russia in April was €2.9 billion euros. In March, it had amounted to €3.4 billion," Destatis wrote. The German term "import surplus" is often called a "trade deficit" in English.
[...]
Regarding the sharp increase in Chinese imports into [?!] Germany, this was largely due to the import of chemical products worth €4.4 billion, a six-fold increase on the previous year. Surging demand for raw materials used in pharmaceutical production, data processing equipment, and other electrical equipment also drove the rise in [GERMANY] imports.
archived supply chain discipline excluding CHINA
by Cat on Tue Jun 14th, 2022 at 03:26:04 PM EST
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