German imports exceeded exports in 2021 in trade with Russia – statistics bureau

FILE PHOTO – Containers are seen at the Altenwerder loading terminal in the port of Hamburg, Germany February 3, 2016. Picture taken February 3, 2016. REUTERS/Fabian Bimmer/File Photo

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BERLIN, March 3 (Reuters) – German imports from Russia overtook exports last year due to soaring prices for imported crude oil and natural gas, Germany’s Federal Statistical Office reported on Thursday. .

The previous year, Germany had achieved its first export surplus with Russia since 1993, the office added.

The trade data highlights Germany’s energy dependence on Russia, which supplies more than a third of Europe’s gas. Read more

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Earlier this year, the chief executive of German utility Uniper (UN01.DE) pegged Russia’s share of Germany’s gas supply at half, although this could fluctuate from month to month. ‘other.

Economy Minister Robert Habeck said on Wednesday that Germany was ready if Russia were to stop exporting gas to the country, Europe’s biggest economy.

Germany’s overall export surplus fell 4.2% to 172.9 billion euros in 2021 from a year earlier, the fifth consecutive year the surplus was down, the report said. office.

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Writing by Paul Carrel Editing by Miranda Murray

Our standards: The Thomson Reuters Trust Principles.

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