{"id":23706,"date":"2024-02-09T11:42:06","date_gmt":"2024-02-09T09:42:06","guid":{"rendered":"https:\/\/centraleuropeantimes.com\/?p=23706"},"modified":"2024-02-09T11:42:08","modified_gmt":"2024-02-09T09:42:08","slug":"cee-trade-with-germany-slumped-in-2023","status":"publish","type":"post","link":"https:\/\/centraleuropeantimes.com\/2024\/02\/cee-trade-with-germany-slumped-in-2023\/","title":{"rendered":"CEE trade with Germany slumped in 2023"},"content":{"rendered":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>\n

Germany\u2019s business with Central and Eastern Europe (CEE) fell last year as the value of goods traded with the region\u2019s 29 countries reduced by 6.5%, the Committee on Eastern European Economic Relations (CEEER) said on Wednesday, 7 February. <\/p>\n\n\n\n

German imports from CEE and Central Asia fell 9.9%, to EUR 261bn, while exports were down by 3%, to EUR 274bn, the CEEER announced.<\/p>\n\n\n\n

The main factors were the slump in trade with Russia and regional economic weakness, said the CEEER, which has grouped German business community umbrella organisations since 1952. Without the unprecedented 75% slump in trade with Russia, to EUR 12.6bn, trade with CEE would have remained flat, however.<\/p>\n\n\n\n

Slovenia outstrips Russia as German trade partner <\/strong><\/p>\n\n\n\n

Russia fell behind Slovenia to 38th place among Germany’s trading partners, having been 14th in 2022. German exports to Russia fell 38.7%, to EUR 8.9bn, in the wake of further sanctions in response to its full-scale invasion of Ukraine in February 2022, while imports, once dominated by energy, fell by up to 90% to EUR 3.7bn.<\/p>\n\n\n\n

\u201cThe 29 countries of CEE and Central Asia continue to account for over 18% of Germany\u2019s total foreign trade \u2013 more than China and the US combined,\u201d CEEER chairwoman Cathrina Claas-Muehlhaeuser said, adding that \u201ctrade with Eastern Europe, therefore, continues to be an important pillar of German exports\u201d.<\/p>\n\n\n\n

The ailing German economy will represent a challenge for CEE\u2019s export-reliant countries, which have experienced runaway inflation rates since the COVID-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> < 1<\/span> minute<\/span><\/span> Germany\u2019s business with Central and Eastern Europe (CEE) fell last year as the value of goods traded with the region\u2019s 29 countries reduced by 6.5%, the Committee on Eastern European Economic Relations (CEEER) said on Wednesday, 7 February. German imports from CEE and Central Asia fell 9.9%, to EUR 261bn, while exports were down by …<\/p>\n","protected":false},"author":2,"featured_media":23710,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[506,591],"tags":[813,814,221,59],"acf":[],"yoast_head":"\nCEE trade with Germany slumped in 2023 - CET<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/centraleuropeantimes.com\/2024\/02\/cee-trade-with-germany-slumped-in-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CEE trade with Germany slumped in 2023 - CET\" \/>\n<meta property=\"og:description\" content=\"Reading Time: < 1 minute Germany\u2019s business with Central and Eastern Europe (CEE) fell last year as the value of goods traded with the region\u2019s 29 countries reduced by 6.5%, the Committee on Eastern European Economic Relations (CEEER) said on Wednesday, 7 February. German imports from CEE and Central Asia fell 9.9%, to EUR 261bn, while exports were down by ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/centraleuropeantimes.com\/2024\/02\/cee-trade-with-germany-slumped-in-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"CET\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-09T09:42:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-09T09:42:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/centraleuropeantimes.com\/wp-content\/uploads\/2024\/02\/99d0ad0fdfc93708e3ee531ee5a572f4.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"CET Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CET Editor\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/centraleuropeantimes.com\/2024\/02\/cee-trade-with-germany-slumped-in-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/centraleuropeantimes.com\/2024\/02\/cee-trade-with-germany-slumped-in-2023\/\"},\"author\":{\"name\":\"CET Editor\",\"@id\":\"https:\/\/centraleuropeantimes.com\/#\/schema\/person\/8ecfb6d839ab83a191a905a0c4efb3ea\"},\"headline\":\"CEE trade with Germany slumped in 2023\",\"datePublished\":\"2024-02-09T09:42:06+00:00\",\"dateModified\":\"2024-02-09T09:42:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/centraleuropeantimes.com\/2024\/02\/cee-trade-with-germany-slumped-in-2023\/\"},\"wordCount\":238,\"publisher\":{\"@id\":\"https:\/\/centraleuropeantimes.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/centraleuropeantimes.com\/2024\/02\/cee-trade-with-germany-slumped-in-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/centraleuropeantimes.com\/wp-content\/uploads\/2024\/02\/99d0ad0fdfc93708e3ee531ee5a572f4.webp\",\"keywords\":[\"CEEER\",\"exports\",\"Germany\",\"Russia\"],\"articleSection\":[\"Economy\",\"Germany\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/centraleuropeantimes.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/centraleuropeantimes.com\/2024\/02\/cee-trade-with-germany-slumped-in-2023\/\",\"url\":\"https:\/\/centraleuropeantimes.com\/2024\/02\/cee-trade-with-germany-slumped-in-2023\/\",\"name\":\"CEE trade with Germany slumped in 2023 - 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