Categories: Business

Due to Corona-crisis: Unprecedented slump in Exports of more than 30 percent

German exports plunged in April, in consequence of the Corona-crisis dramatically. The value of exports of Goods decreased compared to the same month last year, up 31.1 per cent to 75.7 billion euros, as the Federal Statistical office in Wiesbaden announced.

That was the biggest decline in a month compared to the same month last year since the beginning of the foreign trade statistics in 1950, Compared with March 2020, the exports declined by 24.0 percent.

The Closing of borders in the European internal market, the worldwide imposition of trade and travel restrictions, as well as enormous disturbances in the sea and air freight led to a sharp decline in exports. Imports decreased by 21.6 percent to 72.2 billion euros, compared with the same month last year.

Depending on the trading partner, the exports were affected to different degrees: The exports to China declined in April 2020 comparatively moderately by 12.6 percent to 7.2 billion euros. The Corona Virus was first recognized in the people’s Republic of established and had produced a temporary drastic restrictions of public life.

In March had spread of the pandemic in Europe and the United States. The exports of the countries concerned are France (down 48.3%), Italy (down 40.1 percent)
and the United States (minus 35.8 percent) fell compared to the same month last year.

The German chambers of industry and Commerce expects a decline in exports in the full year to at least 15 percent. Also, the Federal Association of German industry (BDI) expected a decline of 15 per cent in the export of Goods and services. Since the economic growth in almost all trade is collapsing partners dramatically, will also decrease the demand for “Made in Germany” clearly, explained the BDI.

According to the world trade organization (WTO) could go back to the world trade this year, by 13 to 32 percent, depending on the course of the Corona pandemic. Already in 2019 the world had stagnated trade, negatively affected by international trade conflicts and the slowdown in the global economy.

Matthew Velter

With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

Recent Posts

Blockchain is booming again, and ETH and XRP holders are using InvroMining to increase their income

London, UK, 31st July 2025, ZEX PR WIRE, As a global leader in blockchain financial…

18 hours ago

XRP Hot News: Sunny Mining Launches Cloud Mining Rewards Contract, Earning XRP Passive Income Daily

New York City, NY, 31st July 2025, ZEX PR WIRE, On-chain data shows that a single…

18 hours ago

Don’t miss it! Find Mining, which is being targeted by Wall Street giants, is quietly changing the wealth landscape.

Making Crypto Mining Simple, Compliant, and Profitable for Everyone Los Angeles, California, 31st July 2025,…

18 hours ago

From Institutions to Individuals: Cloud Mining Is the New Standard — BAY Miner Leads the Revolution

A New Era of Passive Crypto Income Has Arrived Florida, USA, 31st July 2025, ZEX…

18 hours ago

Unlock Ripplecoin mining with XRP and earn daily income from major cryptocurrencies.

No hardware investment or specialized knowledge required. Simply activate Ripplecoin Mining with XRP and participate…

18 hours ago

$1 Memecoin Hits 66.5% Diamond Hands Milestone – Second Only to SPX6900

London, United Kingdom, 31st July 2025, ZEX PR WIRE, The $1 memecoin has hit a…

24 hours ago