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German car exports fall 17.2% in Q3 due to supply bottlenecks

Published 11/29/2021, 02:55 AM
Updated 11/29/2021, 03:00 AM
© Reuters. FILE PHOTO: A production line of German car manufacturer Audi, amid the spread of the coronavirus disease (COVID-19) in Ingolstadt, Germany, June 3, 2020. REUTERS/Andreas Gebert/File Photo

© Reuters. FILE PHOTO: A production line of German car manufacturer Audi, amid the spread of the coronavirus disease (COVID-19) in Ingolstadt, Germany, June 3, 2020. REUTERS/Andreas Gebert/File Photo

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.

© Reuters. FILE PHOTO: A production line of German car manufacturer Audi, amid the spread of the coronavirus disease (COVID-19) in Ingolstadt, Germany, June 3, 2020. REUTERS/Andreas Gebert/File Photo

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)

 

 

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