Export volumes were higher for machinery, transport equipment and crude oil and natural gas. However, exports of chemical products were lower YoY.
The volume of goods imported was up by 1.7 per cent YoY in the month.
The CBS Exports Radar for November indicates that conditions for exports were slightly more unfavourable than they were in September’s radar. This was mainly due to a shift from YoY growth in German manufacturing output to a contraction. Furthermore, the YoY change in real exchange rates was more unfavourable, a CBS release said.
ALCHEMPro News Desk (DS)
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