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German exports collapse in April as coronavirus hits demand

BERLIN, June 9 (Reuters) - German exports slumped in April as the coronavirus crisis slashed demand for goods from Europe’s biggest economy, the Federal Statistics Office said on Tuesday.

Seasonally adjusted exports dived 24% on the month while imports slid by 16.5%. The trade surplus shrank to 3.2 billion euros, the Statistics Office said.

Economists polled by Reuters had expected exports to fall by 15.6% and saw imports down 16%. The trade surplus was expected to come in at 10.0 billion euros. (Reporting by Madeline Chambers; editing by Thomas Seythal)

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