German exports increased by 4.4% in April despite the decline in trade with Russia

Data released on Friday by the German Federal Statistical Office showed that the country’s exports increased more than expected in April, up 4.4% from the previous month, while imports increased 3.1%.

A Reuters poll predicted a 1.5% increase in exports on a monthly basis.

The office said exports from Germany to Russia fell by 10% in April, after falling by 60% in March due to harsh Western sanctions on Moscow for the invasion of Ukraine.

The office reported that Germany’s seasonally adjusted trade surplus was € 3.5 billion ($ 3.76 billion) in April, compared to expectations for a € 1.6 billion surplus.

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