Exports from Germany to the Russian Federation plummeted in March 2022 due to the war in Ukraine and the sanctions imposed on Russia. According to the Federal Statistical Office (Destatis), goods worth €1.0 billion were exported to Russia, a decrease of 58.7% compared to March 2021. In February 2022, exports to Russia had still increased by 16.7% compared to the same month of the previous year. Exports of machinery saw significant declines in March 2022, falling by 73.6% to €165.8 million compared to March 2021, as did exports of chemical products, which dropped by 40.9% to €158.7 million. Imports, however, followed the opposite trend to exports. Due to increased raw material prices, imports from the Russian Federation to Germany rose by 77.7% to 4.4 billion euros in March 2022 compared to March 2021.
The following figures apply to Thuringia: March exports, at €11.2 million, were 66.0% below the level of the same month last year and 64.6% below that of the previous month. Regarding the important Thuringian export product groups.. Data processing equipment, electrical and optical products, electrical equipment as well as Motor vehicles and motor vehicle parts The decline was well over 90%. Imports from Russia increased, as they did at the federal level.
