Germany's foreign trade declined in 2023

By Gokhan Ergocun

ISTANBUL (AA) - Germany's exports and imports posted declines in 2023, the country's statistical authority revealed on Monday.

Destatis's data showed that the country's exports dropped by 1.4% to €1.56 trillion ($1.68 trillion) last year versus 2022, while imports fell by 9.7% to €1.35 trillion.

Germany's foreign trade balance saw a surplus of €209.6 billion last year.

In December alone, the country's exports totaled €125.3 billion, down by 4.6%, while imports amounted to €103.1 billion, decreasing 12.4% on a yearly basis.