Latest News for: German import export


Germany must abandon its debt brake to make up for the lost Merkel years

New Statesman 08 Aug 2022
As part of the shift, he committed Germany to a substantial rise in defence spending, scrapped rules on weapons exports, and said the country would end its reliance on energy imports from Russia. For the German centre-left (the SPD and Green parties), this meant abandoning an outdated orthodoxy.

How much does Taiwan depend on China?

The Telegraph India 07 Aug 2022
Its highly developed semiconductor industry is as important for Taiwan as the automotive industry is for the German economy ... More than 42% of Taiwan's exports go to China, from where Taiwan gets around 22% of its imports.

Market Talk – August 3, 2022

Armstrong Economics 03 Aug 2022
ASIA. ... China considers Taiwan its “breakaway province” ... China. ... German Exports (MoM) (Jun) increased from 1.3% to 4.5%. German Imports (MoM) (Jun) decreased from 3.2% to 0.2%. German Trade Balance (Jun) increased from 0.8B to 6.4B. German Composite PMI (Jul) decreased from 51.3 to 48.1. German Services PMI (Jul) decreased from 52.4 to 49.7 ... St.

German recession looms as business confidence slumps to two-year low

The Irish Times 25 Jul 2022
German business confidence has fallen to its lowest level for more than two years in the latest sign that Europe’s largest economy is teetering on the brink of recession ... The German Central Bank warned in April that an immediate ban on Russian gas imports would knock 5 percentage points off German GDP.

Finland, Germany agree to Uniper bailout deal 22 Jul 2022
... on Friday to a bailout deal for the German gas importer that is hard hit by soaring prices and dwindling supplies ... Uniper, Germany's biggest gas importer, has been hit hard by Russia's curtailment of gas exports and filed for support from the German government two weeks ago.

Russia Teaches EU The ABCs of The Gas Trade

The Liberty Beacon 21 Jul 2022
Germans suspect that Gazprom’s alibi of non-delivery of gas turbines from Canada, et al, is bogus ... Where it hurts Germany most is that this is not only about freezing homes, but the implosion of its entire economic model that is over-reliant on industrial exports, thanks to imports of cheap fossil fuels from Russia.

Sisi heads to Berlin to co-chair Petersberg Climate Dialogue

Egypt Independent 17 Jul 2022
The commercial cooperation between the two countries amounts to six billion euros annually – import or export – in addition to the presence of three thousand German companies, whether they are already operating in Egypt or have branches or representative offices there.

Germany's North Sea Ports Face Longest Strike Action in Decades

The Maritime Executive 14 Jul 2022
German container shipping line Hamburg Süd said that it has been forced to observe a full stoppage for rail, road and ocean freight for both import and export across its German terminals for the duration of the strike ... The latest round of industrial action by German dockworkers is the third in as many weeks.

Why Germany’s impending energy crisis is no reason for it to abandon Ukraine

New Statesman 13 Jul 2022
Now, rising energy costs have crashed the mighty German trade surplus; in May it imported more than it exported for the first time in three decades ... German industry is already showing it can adapt ... On 9 July Canada succumbed to German entreaties to breach sanctions against Russia by exporting a gas turbine needed for Nord Stream 1.

German recession threat will hurt the euro but it’s an opportunity for Ireland

Irish Independent 09 Jul 2022
... our economy is a lot less dependent on gas than the heavy industries like car making that dominate Germany.Suggestions that the German export model itself could be under threat, after May data showed imports overtaking exports for the first time in three decades, are overblown.

Container ship congestion in the North Sea worsens

Xinhua 06 Jul 2022
Despite these developments, Europe's largest economy saw imports in May go up by 2.7 percent month-on-month, while exports decreased slightly by 0.5 percent, according to the latest figures by the Federal Statistical Office (Destatis) ... Exports and imports in the European Union are ...

Germany records first monthly trade deficit since 1991 as inflation soars

The Observer 04 Jul 2022
Figures from the country’s statistics agency showed a surge in the value of imports and modest decline in exports had pushed Europe’s largest economy into a trade deficit of €1bn (£860m) in May ... German exports to Russia decreased by ... German imports from Russia fell 9.8% to €3.3bn.

Germany posts first trade deficit in 30 years

Russia Today 04 Jul 2022
Year-on-year, German exports and imports rose by 11.7% and 27.8% to €125.8 billion and €126.7 billion, respectively ... manufacturers, surged over 30% in May versus a year ago, while the prices German exporters were able to charge increased at only about half that rate.

Swine fever outbreak in Germany's top pork state poses lasting threat

Yahoo Daily News 04 Jul 2022
This prompted China to ban imports of German pork, halting a trade that had brought in around 1 billion euros ($1.04 billion) a year ... "China anyway has a reduced import need for pork from Europe and it could be years before the Chinese market could be reopened to German pigmeat exports," Koch said.Story continues.
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