Germany’s imports from Berlin-Russia exceeded last year’s exports due to sharp rises in the prices of imported crude oil and natural gas, Germany’s Federal Bureau of Statistics reported Thursday.
Last year, Germany achieved its first export surplus with Russia since 1993, the agency added.
Trade data highlights Germany’s energy dependence on Russia, which supplies more than one-third of Europe’s gas.
Earlier this year, the CEO of Germany’s utility uniper halved Russia’s share of Germany’s gas supply, which can fluctuate from month to month.
Economic Minister Robert Habeck said on Wednesday that Germany would be ready if Russia stopped exporting gas to Europe’s largest economy.
Germany’s overall export surplus was € 172.9 billion, down 4.2% year-on-year, the fifth consecutive year of declines, the agency said.
follow