German car exports fall 17.2% in Q3 due to supply bottlenecks
3:55 am Monday, November 29th, 2021
BERLIN (Reuters) – Germany’s car exports dropped 17.2% in the third quarter due to chip shortages and other supply bottlenecks, data showed on Monday, pointing to a decline in sales of cars with combustion engines while international trade in electric vehicles grew.
According to data from the German Federal Statistics Office, Germany exported cars for 23.1 billion euros ($26.03 billion) and imported cars for 11.2 billion euros in the period, the lowest quarterly levels since the second quarter of 2020.
($1 = 0.8874 euros)
(Reporting by Zuzanna Szymanska; Editing by Maria Sheahan)
