German Exports, Imports Decline in H1 2024

The Federal Statistical Office of Germany revealed Monday that its country's exports and imports declined in the first half (H1) of 2024 on an annual basis. The office stated that exports decreased by 1.6 percent to EUR 801.7 billion, while imports decreased by 6.2 percent to EUR 662.8 billion. As a result, the trade balance surplus increased by 28.7 percent to EUR 138.8 billion. The value of exported cars and car parts fell by 2.4 percent, and machinery goods decreased by 4.4 percent. Exports of chemical products also dropped by 4.4 percent. Source: Qatar News Agency