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Germany’s goods exports up 10.8% YoY in July 2022

Germany traded merchandise to the all out worth of €127.6 billion in July 2022, which was a 10.8 percent increment contrasted and July 2021. Products to Russia dropped by 56.8 percent to €1 billion over that period as a result of the conflict in Ukraine and the approvals forced on Russia, as per the Government Factual Office (Destatis).
Interestingly, products to the US, the main objective of German commodities, expanded by 14.6 percent to €12.4 billion.

Other significant exchanging accomplices terms of commodities were France and the Netherlands. German products to France expanded by 12.7 percent over a similar period, adding up to €9.5 billion, while that to Netherlands rose 12% to reach €9.2 billion in July 2022, according to information delivered by Destatis.

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