Germany exports decrease by 0.3% in November

Germany exports unexpectedly fell by 0.3 percent in November as high inflation and market uncertainty continue to weigh on Europe’s largest economy despite fading supply chain problems, data from the federal statistics office showed on Thursday.

November’s exports drop comes after October’s figures were revised up, to growth of 0.8 percent from an initially reported 0.6 percent fall, as imports also posted a bigger than expected drop of 3.3 percent.

German’s exports to the United States, decreased by 1.5 percent on a monthly basis in November, while exports to EU member states fell 0.4 percent.