German Economy Online

Tuesday, March 24, 2015

Russia: Russia’s exports to shrink by a third – Times Online

24th March 2015 11:24 clock

Russia: Economics, Russia, Russia Sanction, European Union, Export, economic, record, Crimean annexation, car manufacturers, DIHK, Euro, vehicle, financial crisis, recession, rubles, emerging, Federal Statistical Office, currency

The “Marco Polo” is the largest container ship in the world. | © Patrick Lux / Getty Images

German exports to Russia a break. They totaled in January this year to just under 1.44 billion euros. That’s a good one billion euro or 35.1 percent less than a year earlier. This is clear from the data of the Federal Statistical Office. A stronger decrease was most recently in October 2009,

when the global financial crisis slowed exports. Reason for the current decline are imposed by the EU sanctions against Russia after the Crimean annexation in the spring of 2014.

The sharp fall comes as a surprise to experts. The German Industry and Commerce (DIHK) had been a decline of more than 15 percent expected after exports had fallen by 2014 more than 18 percent to 29.3 billion euros. Germany provides mainly machinery, vehicles and chemical products to Russia.

Russia also put in a recession, while the domestic currency rubles has substantially depreciated. This also reduces the purchasing power of Russian customers, which also expresses the demand for German goods. Germany exports not only less to Russia, but also imported less from an emerging country. Imports fell in January also a good third to almost 2.5 billion euros.

Germany but in spite of the negative in Russia trade and a weak economy in the euro-partner countries last year a record achieved export surplus. With an increase of 216.9 billion euros the previous record of 195.3 billion euros in 2007 significantly exceeded.

frontpage

<- google_ad_section_end ->

LikeTweet
Posted by Julio at 6:28 AM
Email ThisBlogThis!Share to XShare to FacebookShare to Pinterest

No comments:

Post a Comment

Newer Post Older Post Home
Subscribe to: Post Comments (Atom)

Popular Posts

  • German Post starts SIMSme: Post-Messenger to WhatsApp competition … – ABC Online
    German Post starts SIMSme: Post-Messenger to WhatsApp competition … – ABC Online Updated on Wednesday, 8/13/2014, 19:54 “socInf...
  • Again warning strike at Deutsche Post – Göttinger Tageblatt
    Bonn . Empty many boxes: mail and parcel delivery of mail have again stopped work all over Germany on Saturday. The trade union Verdi had ...
  • Mail and parcel delivery Deutsche Post strike – Reuters Germany
            Dusseldorf (Reuters) – In the wage dispute with Deutsche Post aims to increase the trade union Verdi on Friday with strikes in ...
  • Why the struggle for the deepening of the Elbe river shows a Dilemma – THE WORLD
    E s is a severe setback for Hamburg. The Federal administrative court has the planned deepening and widening of a still not released. The fa...
  • Explosion in a French nuclear power plant – FAZ – Frankfurter Allgemeine Zeitung
    The nuclear power plant Flamanville in the North of France, right on the coast. In the North of France, the nuclear power plant ...
  • Suspected tax evasion: raid at Commerzbank – tagesschau.de
    Suspected tax evasion: raid at Commerzbank – tagesschau.de Date: 24/02/2015 17:08 clock investigators nationwide have searched...
  • The Supervisory Board engages Piëch – tagesschau.de
    status: 08.02.2017 21:21 PM The VW has a Supervisory Board, rejected the allegations of Ex-Chairman of the Supervisory Board P...
  • “Schäuble is playing with fire” – MIRROR ONLINE
    In the summer, Greece will have to pay seven billion euros, will be in need of new loans. Premier Tsipras defends itself against ...
  • Berggruen to Benko: Change of ownership at Karstadt – T-Online
    Berggruen to Benko: Change of ownership at Karstadt – T-Online For comments or suggestions please fill out the following              ...
  • Imtech bankruptcy and BER: The predictable disaster – comment – SPIEGEL ONLINE
    There they were again, the furrowed by worry faces that managers and politicians like to show when bad news are to proclaim the capital airp...

About Me

Julio
View my complete profile

Blog Archive

  • ►  2017 (353)
    • ►  February (85)
    • ►  January (268)
  • ►  2016 (2980)
    • ►  December (253)
    • ►  November (264)
    • ►  October (276)
    • ►  September (165)
    • ►  August (299)
    • ►  July (283)
    • ►  June (267)
    • ►  May (265)
    • ►  April (298)
    • ►  March (257)
    • ►  February (265)
    • ►  January (88)
  • ▼  2015 (2313)
    • ►  August (221)
    • ►  July (317)
    • ►  June (313)
    • ►  May (318)
    • ►  April (304)
    • ▼  March (237)
      • General Strike: Argentina stands still – Reuters
      • On the death Klaus Tschiras: entrepreneurs, scient...
      • Ex-CEO Thomas Middelhoff Arcandor files for bankru...
      • For insolvency – tax claim brings Middelhoff into ...
      • Ex-top managers Middelhoff is broke – Badische Zei...
      • Middelhoff files for bankruptcy – FAZ – Frankfurte...
      • Ex-Arcandor Manager: Thomas Middelhoff declares ba...
      • Telecommunications: For Android phones: With Whats...
      • Bertelsmann plans this year, more sales and profit...
      • End of the milk quota: Become milk and yogurt now ...
      • Labor market in Berlin: lowest unemployment rate i...
      • The mailing threaten strikes before Easter – Südwe...
      • Located in the Easter business: warning at Post an...
      • Greece: Tsipras government reform shows list – SPI...
      • +++ +++ Easter 2015: On these highways threatens J...
      • German Post-emptive strike – Verdi threatens Post ...
      • Federal Statistical Office: Inflation Picking Up –...
      • +++ +++ Greece crisis: Federal Government is no re...
      • Verdi: Another strike at Amazon in Werne and Rhein...
      • Germany: New strikes in several German Amazon fulf...
      • Greece is committed to repay its debt – Reuters Ge...
      • Adolescents according to Greenpeace hide in clothi...
      • With Amazon will strike again – tagesschau.de
      • Countries employees get more money: teachers’ unio...
      • Collective bargaining agreement in the public sect...
      • Germany: Report: CEO compensation is more dependen...
      • Collective agreement: Significantly more money for...
      • Strong wage increase for workers countries – Reute...
      • Collective agreement in the public sector: Only te...
      • About paid drivers to transport passengers – Hambu...
      • Greece: Piraeus port shall it be sold – THE WORLD
      • Collective agreement: public servants get signific...
      • +++ +++ Greek Crisis: Reform blockade breaks new b...
      • Fitch sees more black for Greece: Review of two st...
      • About: Taxi alternative service paid transport pas...
      • Troika does not expect 2015 with Greek primary sur...
      • +++ +++ Greek Crisis: Reform blockade of Tsipras b...
      • Air Berlin will record a loss – THE WORLD
      • Independence – Germany’s founding spirit wanes – S...
      • Shortly before talks with EU: Fitch lowers rating ...
      • 2.8 percent for workers in chemical industry – Ham...
      • Workers in the chemical industry get 2.8 percent m...
      • Aviation: Lufthansa: two-person rule in cockpits o...
      • Athens next reform list is finished – FAZ – Frankf...
      • Debt Crisis: Reform list Varoufakis sends to Bruss...
      • Lean period for Air Berlin continues: Air Berlin l...
      • Air Berlin writes record loss – SPIEGEL ONLINE
      • Air France is considering consequences for cockpit...
      • Blackout in Holland – SPIEGEL ONLINE
      • Apple CEO is generous: Tim Cook bequeathed his for...
      • Live Scores plane crash: +++ 9:57 “training of the...
      • Apple CEO Tim Cook wants to donate his fortune – S...
      • Economy predict sustained upturn – SPIEGEL ONLINE
      • BDL: Largest German Airlines have changed cockpit ...
      • German Wings crash endangered Image by Lufthansa o...
      • After crash 4U9525: Largest German Airlines change...
      • Consumer packaged consumer sentiment – Reuters Ger...
      • GfK consumer climate index: German in a buying moo...
      • Germany: real wages as strong as never rise – SPIE...
      • German Wings crash: Co-pilot had only 630 hours of...
      • Air consumption at 13-year high: Germany celebrate...
      • Whopper, Oreos and ketchup from a single source – ...
      • Facebook evaluates Messenger – FAZ – Frankfurter A...
      • Ketchup marriage in the USA – Buffett verkuppelt H...
      • Lufthansa plans: the slow end of German Wings – FA...
      • Billion merger – Macaroni with ketchup – Süddeutsc...
      • Kraft Foods and Heinz: What Buffett and connects L...
      • Live Scores crashes German Wings flight 4U9525: Bu...
      • Bayerische Landesbank makes 1.3 billion euro loss ...
      • Live Scores crashes German Wings flight 4U9525: 72...
      • Group staggers after German Wings crash: Lufthansa...
      • Plane crash in Live-Ticker: voice recorder of the ...
      • American company buys former ZDF dream boat – FAZ ...
      • Plane crash in Live TickerAus personal reasons: Ge...
      • German Wings must cancel flights: Lufthansa chief ...
      • Germany: Lufthansa subsidiary of growing importanc...
      • Crash over France: On the ruins can still be seen ...
      • German Wings disaster: 4U9525 flight crashed in th...
      • Hedge funds and speculators: The billion-dark figu...
      • Conflicts: Russia German exports by 35 percent a b...
      • Russia: Russia’s exports to shrink by a third – Ti...
      • Strong economy: tax revenues continue to rise shar...
      • Meeting with Tsipras: Why Merkel no Greek politici...
      • Live Scores: Alexis Tsipras Angela Merkel: Eagerly...
      • Toys from China often dangerous – Derwesten.de
      • Dangerous toys from China – nachrichten.at
      • Tsipras in Berlin – “Neither the Greeks are lazy, ...
      • Draghi evaluates flood of money as a success – www...
      • Germany: Tsipras received in the Chancellery with ...
      • Assessment of the Bundesbank: “Monetary Union has ...
      • Chinese chemical company increases with tire manuf...
      • Record the German export surplus – THE WORLD
      • Pirelli: Italian traditional company is Chinese – ...
      • Charges against Deputy Minister: Possible corrupti...
      • Allegations of corruption against Bilfinger – FIFA...
      • Suspicion of corruption in construction company – ...
      • Too many strikes: Shareholders want cockpit throw ...
      • After disgust scandal Yi Ko wants Burger King stor...
      • +++ +++ Greece crisis: corruption allegations agai...
      • Lufthansa pilots make strike break – FAZ – Frankfu...
    • ►  February (289)
    • ►  January (314)
  • ►  2014 (893)
    • ►  December (243)
    • ►  November (64)
    • ►  October (158)
    • ►  September (257)
    • ►  August (171)
Simple theme. Powered by Blogger.