BERLIN: The protracted plight of cash-strapped Greece has taken its toll on German exports to the southern eurozone nation. Shipments have dropped considerably, while imports from Greece have remained stable.
German exports to Greece took a tumble in 2013, final calculations by Germany’s statistics office (Destatis) showed.
It said the year’s shipments to Greece totaled only 4.7 billion euros ($5.2 billion), marking a 41-percent drop from the volume recorded in 2008 before the peak of the global financial crisis. Back then, German exports to Greece amounted to 8 billion euros.
According to preliminary figures, 2014 saw a slight pickup in shipments, at 5 billion euros. If confirmed, it would be a return to levels seen in 2001.
