China News Agency, Berlin, December 2 (Reporter Ma Xiuxiu) According to the data released by the German Federal Statistical Office on the 2nd, after calendar and seasonal adjustments, in October 2022, German exports fell by 0.6% month-on-month, and imports fell by 3.7%.

　　According to German media reports, experts had previously estimated that the decline in exports would be only half of the current value.

Imports fell 3.7%, the most since January this year.

　　In October, Germany exported goods worth 133.5 billion euros and imported goods worth 126.6 billion euros, the data showed.

In that month, Germany exported 71.4 billion euros to EU member states and imported 63 billion euros from EU member states; Germany exported 62.1 billion euros to countries outside the EU (third countries) and imported 63.6 billion euros from these countries.

　　Data show that compared with September, Germany's exports to EU countries fell by 2.4% in October, and imports from EU countries fell by 3.0%; Germany's exports to third countries increased by 1.6% in October, and imports from these countries fell up 4.3%.

　　The Federal Statistical Office pointed out that most German goods were exported to the United States in October, and the export value fell to 13.9 billion euros, a decrease of 3.9% from the previous month.

Exports to China amounted to EUR 8.9 billion (the same as in September), while exports to the UK increased by 4.1% to EUR 6.4 billion.

In October, most of Germany's imports came from China, with an import value of 16.9 billion euros, a month-on-month increase of 0.8%.

　　Data show that in October, Germany's exports to Russia fell by 6.0% month-on-month to 1 billion euros, down 57.7% year-on-year; in October, Germany's imports from Russia fell by 1.0% month-on-month to 1.8 billion euros.

　　Andreas Scheuerle, an economist at Deka Bank, said the global economy is cooling amid rising prices and the burden of interest rates, which is deteriorating export business.

The International Monetary Fund predicts that a third of the global economy will slip into recession next year.

"Not only German consumers, but also the export industry will face more difficult times." (End)