Chinese demand boosts German exports in January

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(The Khmer Times)

Germany’s exports ticked up in January on robust trade with China but imports sank as coronavirus shutdowns sapped consumer demand in Europe’s top economy, official data showed Tuesday.

Exports rose 1.4 percent month-on-month in seasonally adjusted figures, federal statistics office Destatis said.

Imports slumped 4.7 percent, widening Germany’s closely-watched trade surplus to 22.2 billion euros ($26.3 billion).

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