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Germany’s oil imports bill in January and February rises 17.9%

GERMANY (OBSERVATORY) –¬†Germany spent 6.6 billion euros ($ 8.1 billion) on crude oil exports in January and February, up 17.9 percent from the same period last year, data from the German Foreign Trade Office (BAFA) showed on Thursday. Due to higher prices, while imports declined by 0.1 percent.

The data showed that Russia remained the largest supplier of crude to Germany with a share of 37.9 percent of total imports, up from 37.2 percent a year ago.

Supplies from Britain and Norway accounted for 23.4 percent, up from 16.9 percent, while supplies from OPEC were 16.9 percent.

Germany imported oil from 23 countries in January and February, the office said.