Most obvious explanation: the amount of money spent by Germany for energy imports, especially gas being bought on the sport market, has skyrocketed. That is a l

Most obvious explanation: the amount of money spent by Germany for energy imports, especially gas being bought on the sport market, has skyrocketed. That is a lot of money going to the balance without requiring the exports to be reduced - which they probably have been too. A lot of German industry depends on parts from Ukraine, like VW getting their cable trees from Ukraine manufacturers.