German imports from China up 20.4% y-o-y in August
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E-mail Xinhua, October 9, 2021
China remained Germany's biggest single import market in August, the German Federal Statistical Office (Destatis) said on Friday citing provisional data. The volume of goods bought by Germany from China increased by 20.4% year-on-year.
The value of German goods imports from China reached 11.4 billion euros ($13.2 billion), while that of the country's total imports climbed to 93.8 billion euros in August, up 3.5% month-on-month and 18.1% year-on-year, according to Destatis.
The volume of German exports to China rose by 4.4% year-on-year to 7.6 billion euros.
Although total exports were still above last year's level, German exports in August declined by 1.2% month-on-month to 104.4 billion euros, according to Destatis.
"Problems in global supply chains, high logistics costs and unresolved trade disputes are darkening the economic skies and subsequently having a massive impact on exports," Joachim Lang, director general of the Federation of German Industries (BDI), said in a statement on Friday.
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