German exports fall

German exports fall

WIESBADEN, Germany (AFP): German exports to ASEAN countries and to Russia slumped in August owing to the economic and financial crises hammering the countries, data published by the Federal Statistics Office on Thursday showed.

Germany exported goods worth a total 1.3 billion marks (US$760 million) to ASEAN countries in August, or 33.5 percent less than the total volume of goods exported in August 1997, the office said in a statement.

Members of the Association of South East Asian Nations are Brunei, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

Among other Asian countries, German exports to Japan fell by 7.7 percent to 1.3 billion marks ($760 million) in August, while exports to China jumped by 32.1 percent to 1.0 billion marks ($590 million), the office said.