Alemania Exportaciones

Germany’s exports dropped 0.5% month-over-month to a nine-month low of EUR 129.67 billion in August 2025, following a downwardly revised 0.2% decline in July, missing market forecasts of 0.3% growth. The decline was primarily driven by weaker demand from EU countries, which fell by 2.5%. Both the Euro area and non-Euro area countries declined by 2.2% and 3.1%, respectively. Meanwhile, exports to non-EU countries rose 2.2%, despite a 2.5% decline in shipments to the US, affected by US tariffs. Shipments to the US declined for the fifth consecutive month, reaching EUR 10.9 billion—the lowest value since November 2021. Exports to the UK also fell by 6.5%. In contrast, exports to China increased 5.4%, while shipments to Russia surged 53.5%. For the first eight months of the year, outbound shipments advanced 0.5% compared to the same period last year, reaching EUR 1 trillion.