Overview

• Germany's exports fell by 1.0% in 2024, marking the second consecutive year of decline, while imports dropped by 2.8%, according to the Federal Statistical Office.
• Industrial production in 2024 decreased by 4.5%, with key sectors like automotive and machinery experiencing significant contractions.
• The export surplus with the United States reached a record €71.4 billion in 2024, but potential U.S. tariffs under President Donald Trump pose risks to future trade relations.
• China's reduced demand and domestic production growth further weakened Germany's export performance, alongside ongoing global economic headwinds.
• Economic forecasts for 2025 remain pessimistic, with industry leaders calling for urgent policy measures to address high energy costs, bureaucracy, and declining competitiveness.