• vs Q1 exports down 13.0%
  • first half exports total EUR 15.3 bln

I think we can reasonably expect them to fall more than that in the second-half with all that’s going on

German stats office on on Reuters

  • exports of cars and car parts down 24.4%
  • machinery good down 18.7%

War really has no winners

Update: My thanks to Chef in the comments thread for dragging my weary fingers around to find a little more info to add to this post!

  • Russian exports made up 3.3% of total German exports in 2013 but one business group has recently warned that 25,000 jobs could be at risk if the decline in trade persists
  • Germany sold approx EUR 36 bln of goods to Russia in 2013, almost a third of the EU’s total