GERMANY'S EXPORTS FELL BY 9% IN 2020
Germany's exports and imports slumped by 9.3% and 7.1% respectively during 2020, concluded the federal statistics office Destatis on Tuesday.
The figures are in comparison to data from 2019, showing the stark impact of the coronavirus pandemic on international trade.
Exports of goods and services totaled €1,204.7 billion ($1,450.5 billion). Imports to Germany totaled €1,025.6, with the heftiest hits occurring in March and April 2020 when the pandemic began to disrupt supply chains.
Both decreases in exports and imports were the "largest" experienced by Germany since the global financial and economic crisis of 2009, said Destatis.
Eleven years ago, exports slumped 18.4% and imports 17.5%