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2h ago

Germany’s August Exports Edge Lower as U.S. Shipments Hit Lowest Since 2021

U.S. tariffs alongside Chinese import substitution are cited as key drags on demand.

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Der Warenwert deutscher Exporte ist auch im August gesunken. Produkte im Wert von 129,7 Milliarden Euro wurden ausgeführt - 0,5 Prozent weniger als im Juli, wie das Statistische Bundesamt in Wiesbaden am Donnerstag mitteilte.

Overview

  • Calendar- and seasonally-adjusted exports fell 0.5% month on month to €129.7 billion, while imports dropped 1.3% to €112.5 billion.
  • Germany recorded a €17.2 billion adjusted trade surplus in August, up from €16.3 billion in July.
  • Sales to the United States declined for a fifth straight month to €10.9 billion, down 2.5% from July and 20.1% year on year, marking the lowest level since November 2021.
  • Exports to China rose 5.4% from July to €6.8 billion, though Destatis data show a 12.6% drop for January–August compared with a year earlier.
  • Exports to EU partners fell 2.5% to €72.5 billion as shipments to non‑EU countries rose 2.2% to €57.1 billion, with exports to Russia jumping 53.5% to €0.8 billion and imports from Russia down 8.5% to €0.1 billion.