German exports rose 1.2% month-on-month in March to reach 126.5 billion euros, the 11th consecutive month of growth. They were 16.1% higher than a year ago (when the pandemic forced the global economy to shut down).
Imports surged sharply – up 6.5% over one month to 105.9 billion euros. That’s 15.5% more than the dark days of March 2020.
The annual increases are the two records, says Destatis:
Compared with March 2020, exports increased by 16.1% and imports by 15.5% in March 2021. These are the highest nominal values ever recorded for monthly exports and imports in the statistics of the trade.
On a calendar and seasonally adjusted basis, Germany’s trade surplus fell to 14.3 billion euros, the lowest since last May:
The statistical agency Destatis also reports that German exports to the UK fell in March, for the third month in a row, compared to the previous year.
However, German imports from the UK increased slightly in March compared to a year ago.
Compared with the same month last year, exports to the UK fell 13.2% to 6.5 billion euros in March 2021. German imports from the UK increased by 1 , 6% to 3.1 billion euros over the same period.
And more than 2021 so far … German exports to the UK are down 17.6% from January-March 2020, while UK imports to Germany are down 27.7% year-on-year. ‘other (full details here).