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At the end of 2023, German foreign trade suffered an unexpectedly strong setback. Exports fell 4.6 percent month-on-month in December. This is the sharpest decline since the end of 2022. Analysts had expected exports to shrink, but on average they had only expected a decline of 2.8 percent. Goods worth 125.3 billion euros were delivered abroad. That was also 4.6 percent less than in December 2022. Imports fell by 12.4 percent to 103.1 billion euros compared to the same month last year.