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7h ago

Germany’s Exports Fall in August as Shipments to US Decline for Fifth Month

Analysts attribute the slide to US tariffs plus competitive losses in China.

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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.
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Overview

  • Seasonally adjusted exports fell 0.5% month on month to €129.7 billion, with imports down 1.3% to €112.5 billion and the trade surplus at €17.2 billion.
  • Sales to the United States dropped 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% on the month to €6.8 billion, yet remain 12.6% lower year to date versus the same period in 2024.
  • Exports to EU partners declined 2.5% on the month to €72.5 billion, while shipments to Russia jumped 53.5% to €0.8 billion as imports from Russia fell 8.5% to €0.1 billion.
  • Industry surveys report worsening sentiment in machinery and related sectors with expectations of weaker revenues and staff reductions, and Destatis notes the figures are preliminary with full details due October 20.