In February, Germany’s export-driven economy shipped goods and services worth 92.4 billion euros ($127.4 billion) – a drop of 1.3 percent compared with the previous month of January, according to latest figures released by the German statistics office in April.
The volume of imports to Germany in February rose by 0.4 percent after gaining 2.2 percent in January. As a result, Germany’s trade surplus shrank for a second consecutive month, reaching 15.7 billion euros in February.
Analysts were surprised by the significant month-on-month fall in exports because they had previously forecast a decline of only 0.5 percent for February.