Foreign Trade: German Exports Fall, but U.S. Business Surges
Translated from German and summarized by DistantNews. Read the original for the full story.
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- German exports fell 0.8% from June to 138.2 billion euros in July, but remained 6.1% above the level a year earlier.
- Exports to the United States rose 19.1% from June and 28.3% year on year, while shipments to China, Britain and the European Union declined.
- Imports fell 5.7% to 116.9 billion euros, lifting the trade surplus to 21.3 billion euros, its highest level since August 2024.
Germany’s exports declined in July for the first time after five consecutive months of growth. Exports totaled 138.2 billion euros, according to preliminary figures from the Federal Statistical Office, a calendar- and seasonally adjusted fall of 0.8% from June.
The annual comparison remained positive. Exports were 6.1% higher than in July of the previous year, despite the monthly setback.
Trade with the United States provided the strongest boost. German companies exported goods worth 14.4 billion euros to the U.S., up 19.1% from June and 28.3% from a year earlier. Exports to Britain, China and the European Union, however, declined.
Imports also fell, dropping 5.7% from June to 116.9 billion euros. The sharper decline in imports pushed Germany’s foreign-trade surplus to 21.3 billion euros, its highest level since August 2024.
About this summary
Originally published by Die Zeit in German. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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