- 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