German exports fell sharply since the financial crisis in 2009

German exports fell 9.3 percent last year. Pandemic measures that have reduced demand in various parts of the world have contributed to this. The slump was the steepest since the financial crisis in 2009. According to data released on Tuesday by the German statistical office, they exported goods from the country in 2020 worth a total of 1.205 trillion euros. The value of goods imported into Germany fell by 7.1 percent to 1.026 trillion euros. In 2009, when the global financial crisis culminated, German exports drop by 18.4 percent and imports by 17.5 percent. The largest individual market for German exporters remained the USA last year, although exports to the country fell by 12.5 percent to 103.8 billion euros. In second place was China. Exports there weakened only minimally, by 0.1 percent to 95.9 billion euros. German goods worth 91 billion euros went to France, a decrease of 14.6 percent. Last year, the largest source of imported goods for Germany was China. Imports rose 5.6 percent to 116.2 billion euros. In second place was the Netherlands, followed by the United States. Imports from there fell by 9.6 percent and five percent.