With Germany recording a recession this year, the demand for goods is expected to slow down in the coming peak season, contributing to a global trade slowdown. The further decline in consumer spending in the coming months will have a negative impact on peak season demand coming from Europe. “We anticipate that the recession now … Read more
Germany, Italy, and the Netherlands were Iran’s main trade partners among EU member states in the first three months of 2023, according to “Eurostat”, the statistical center of Europe. In this period, Germany’s export of products to Iran showed a 28 percent decline but exports of products from the Netherlands, Italy and France to Iran … Read more
China was Germany’s most important trading partner with a trade volume of 64.7 billion euros, but the difference between China and the USA decreased considerably Motor vehicle exports to China down 23.9% from the same quarter a year earlier 91.8% of rare-earth metal imports came from China, as did 67.8% of smartphones, 39.2% of lithium-ion … Read more
German exports in March were down 5.2 per cent on the previous month, while imports even declined by 6.4 per cent, according to provisional figures published by the Federal Statistical Office (Destatis). “The declining figures are related to the strong start to the year,” Dirk Jandura, president of the Federation of German Wholesale, Foreign Trade … Read more
On May 2 this year on the eve of the visit of President of the Republic of Uzbekistan Sh.M.Mirziyoyev to the Federal Republic of Germany, a joint business forum was held in Berlin, which was attended by over 250 leaders of large companies, holdings and industrial enterprises, banks, ministries, agencies and industry associations of the … Read more
Today, the locomotive of long-term and stable development of Uzbekistan is a powerful textile industry, which was the basis for the formation of the Republic as a center of regional textile production. And in this regard, the work of the industry is focused on creating conditions for intensifying the innovative development of the textile industry, … Read more
Exports to third countries (calendar and seasonally adjusted exports of goods), March 2023 59.3 billion euros -4.4% on the previous month +8.0% on the same month a year earlier Exports to third countries (original values, exports of goods), March 2023 68.1 billion euros +8.1% on the same month a year earlier WIESBADEN – On a … Read more
Exports (calendar and seasonally adjusted exports of goods), February 2023 136.7 billion euros +4.0% on the previous month +7.6% on the same month a year earlier Imports (calendar and seasonally adjusted imports of goods), February 2023 120.7 billion euros +4.6% on the previous month +3.8% on the same month a year earlier Foreign trade balance … Read more
Germany posted a foreign trade surplus of €16 billion ($17.4 billion) in February, according to official data released on Tuesday. The figure was €16 billion in January and had been €10.7 billion in February 2022, said the German Federal Statistical Office (Destatis). Germany’s exports increased by 7.6% year-on-year to €136.7 billion in February and imports … Read more
The German Delegation of the Confederation of Entrepreneurs of Azerbaijan (ASK Germany) has signed a memorandum of understanding with the German Federal Association for Economic Development and Foreign Trade (BWA) in order to promote economic cooperation and investment opportunities between Azerbaijan and Germany, Azernews reports. Elnur Huseynov, the head of the German representative office of … Read more