Germany’s exports in July down 1.2 pct year-on-year: statistics

FRANKFURT, Sept. 6 (Xinhua) — Germany’s exports in July shrank by 1.2 percent year-on-year while imports were nearly flat, according to figures published by the Federal Statistical Office on Friday.
The total value of German exports in July, which is calendar and seasonally adjusted, reached 130 billion euros (144 billion U.S. dollars) while imports stood at 113.2 billion euros, down 0.1 percent year-on-year.
On a monthly basis, exports in July rose 1.7 percent from June while imports went up by 5.4 percent.
For the first seven months of this year, the total exports amounted to 929 billion euros, down by 1.1 percent over the same period last year.
The decline in exports is more pronounced in trade with EU member states, dropping by 1.3 percent from January to July. In contrast, exports to non-EU countries decreased by 0.9 percent. (1 euro = 1.11 U.S. dollars) ■