May 8, 2020 / 6:15 AM / in 23 days

German exports plunge in March as coronavirus crisis hits demand

BERLIN, May 8 (Reuters) - German exports slumped in March as the coronavirus crisis slashed demand for goods from Europe’s biggest economy, the Federal Statistics Office said on Friday.

Seasonally adjusted exports dived 11.8% on the month while imports fell by 5.1%. The trade surplus shrank to 12.8 billion euros ($13.88 billion) from a downwardly revised 21.4 billion euros in the prior month, the Statistics Office said.

Economists polled by Reuters had expected exports to fall by 5% and saw imports down 4%. The trade surplus was expected to come in at 18.9 billion euros. ($1 = 0.9223 euros) (Writing by Joseph Nasr Editing by Michelle Martin)

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