Skip to content
Magazine
Tuesday, August 5, 2025
SUBSCRIBE
  • About Us
  • Belgium News
    • Belgium Police News
    • Brussels News
  • EU Institutions News
    • European Commission News
    • European Parliament News
    • European Council News
  • Europe News
  • World News
  • Belgium Business News
  • Culture and Society News
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
  • About Us
  • Belgium News
    • Belgium Police News
    • Brussels News
  • EU Institutions News
    • European Commission News
    • European Parliament News
    • European Council News
  • Europe News
  • World News
  • Belgium Business News
  • Culture and Society News
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
SUBSCRIBE

German exports exceeded pre-crisis levels in October

Shiva Singh by Shiva Singh
10 December 2021
in Belgium Business And Economy News

Brussels (Brussels Morning) The latest Federal Statistical Office (Destatis) records show that German exports exceeded pre-crisis levels in October, despite global trade disruptions.

Dirk Jandura, head of Germany’s Federal Association of Wholesale, Foreign Trade and Services, noted that “despite all the negative factors, German foreign trade is at last back at pre-crisis levels”, DW reported on Thursday.

Pointing out that coronavirus pandemic responses had slowed down trade, he predicted that disruptions would persist in the coming months, citing shipping container shortages, lack of skilled staff and more.

Destatis figures show that German exports increased 8.1% year-on-year in October and stood at 121.3 billion euro, representing a seasonally adjusted monthly growth of about 4.1%.

German exports to China, the country’s main trading partner, were up 8.5% compared to October 2020. Exports to other EU member states grew 11.6% on the annual level and exports to non-EU countries were up 4.1%.

At the same time, German imports increased 17.3% annually, reaching 108.5 billion euro, which exceeded pre-pandemic level, representing monthly growth of roughly 5%.

Institute for Macroeconomics and Business Cycle Research head, Sebastian Dullien, maintained that the growth of exports could help Germany “avoid a mini-recession at the end of this year” caused by ising coronavirus infections.

He added that the figures suggest German industry is gradually overcoming troubling issues that had been affecting it, like shortages, especially in terms of semiconductors.

Some risks remain

However, he warned that the latest wave of coronavirus infections still looms over the industry, representing a risk of “factory closures in Asian countries and renewed difficulties in the supply of components.”

The Association of German Chambers of Industry and Commerce commented that “much of the increase is down to price rises in important semi-finished goods and raw materials that our exporters then pass on to foreign customers.”

Likewise, the Federation of German Industries was unimpressed with the rise, lowering its prediction for a rise in exports from 8.5% to 8% and pointing out that “many sectors, vehicle manufacture in particular, are experiencing problems with the supply of semiconductors.”

Related News:

  • Eurozone economy to reach pre-crisis levels this year
  • German economy falls short of pre-pandemic levels
  • German exports rise slightly in October
  • Eurozone industrial production exceeded expectations in November
Tags: News
Next Post

French President Macron announces plans for EU presidency

Latest post

EU-elections-UK

EU elections: UK looks on from the “outside”

1 year ago
Galeries-Royales-Saint-Hubert

What Makes Galeries Royales Saint-Hubert an “Institution”?

1 year ago

Most Read

    Follow Brussels Morning
    Facebook Twitter Youtube Linkedin

    Browse Important News

    Belgium News
    Brussels News
    Culture and Society News
    Economy News
    EU Institutions News
    European Commission News
    European Council News
    European Parliament News
    Europe News
    Health And Fitness News
    Southeast Europe News
    Sustainable Perspective
    World News
    Diplomacy News
    US Elections News

    About Us

    Brussels Morning is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.

    More Info

    • About Us
    • Advertise With Us
    • Contact Us
    • Cookies Policy

    Join Our Newsletter

    Brussels Morning Newspaper – All Rights Reserved © 2024

    No Result
    View All Result
    • Home
    • About Us
    • Belgium News
      • Belgium Police News
      • Brussels News
    • Brussels Bubble
      • European Parliament News
      • European Commission News
      • European Council News
    • Wider Europe
      • Member States
    • World News
    • Business & Society
    • Europe With Transparency
    • Culture & Society
    • Policy Talks
      • Place de la Bourse
      • The Macro-Economist
      • Sustainable Perspective
      • Ambassador’s Corner
      • The American Angle
      • Southeast Europe
    • Print Magazine

    Brussels Morning Newspaper - All Rights Reserved © 2020

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Cookie settingsACCEPT
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT