Germany’s trade gap at 4-month low of $23.2B in February

ANKARA: Germany's foreign trade surplus reached a 4-month low of pound 21.4 billion ($23.2 billion) in February, according to official data released on Monday. The figure was down from a record high of pound 27.6 billion in January, but was up from pound 16.9 billion in February 2023, Destatis data showed.? German exports fell 4.4% from last year to pound 132.9 billion in February and its imports dove 8.7% to pound 111.5 billion. Compared to a month ago, exports dropped 2% while imports rose 3.2%. Germany's shipments to non-EU countries ticked up by 0.4% month-on-month to pound 60 billion, while its imports surged 14.7% to pound 54 billion. Most German exports in February went to the US, valued at pound 13.8 billion, a rise of 10.7% from January. Exports to China edged lower by 0.6% to pound 8 billion and to the UK down by 2% to pound 6.6 billion. Germany's main source of imports was China with pound 12.1 billion, a surge of 16% from a month earlier.? Shipments to Russia, meanwhile, slipped 24% year-o n-year to pound 700 million, while imports from the country totaled pound 200 million, diving 36.2% in the same period. Source: Anadolu Agency