Germany records first monthly trade deficit since 1991 as inflation soars

Re:Germany records first monthly trade deficit since 1991 as... by v4dok on Monday July 04, 2022 @05:39PM (#31982028)

I rememember in an econ book that we think that exports have the "world" to serve. But in reality most countries trade the most with those closest to them. I wouldn't be surprised if that was the case for the majority of EU countries

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Re:Germany records first monthly trade deficit since 1991 as... by jacquesm on Monday July 04, 2022 @06:11PM (#31982251)

Yes, but don't underestimate the exports that Germany is generating, between all of the high tech there and the car companies you are looking at a substantial exporter.

China is #1, the USA (all of it) is #2 and Germany (just Germany, not the EU) is #3. Have a look at their relative populations and appreciate that fully.

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