Germany – German exports fell by 1.2% in August – Economy

Last August, Germany’s exports totaled 127.9 billion euros, representing a 1.2% decrease compared to the previous month in which their value fell by 1.9%, according to figures reviewed by the Federal Statistical Office Destatis.

For its part, German imports also declined in August compared to the previous month, with a monthly decrease of 0.4% to 111.4 billion.

Compared to August 2022, Germany’s exports decreased by 5.8%, while imports increased by 16.8%.

In August, German exports to the European Union totaled 69.6 billion euros, 1.5% lower than in July, including 48.8 billion euros destined for eurozone countries, 2.6% lower.

Regarding imports from European Union countries, the figure reached 60,000 million euros in August, an increase of 1.9%, with a 3.2% monthly increase in purchases from the euro area, reaching 40,200 million.

Exports of goods to non-EU countries amounted to €58.3 billion in August, while imports from these countries totaled €51.3 billion, representing a 0.9% decrease in exports to third countries and a 3% decrease in the case of imports.

The main destination for German exports in August was the United States, where they amounted to 13.3 billion euros, 1.3% less than in July, ahead of the 8.4 billion euros sold to China, an increase of 1.2%, while exports to the United Kingdom fell by 4.2% to 6,000. million. euro.

The majority of German imports in August came from China, worth 13 billion euros, representing a 2% decrease compared to the previous month. Imports from the United States fell by 3.1% to €7.6 billion, and purchases from the United Kingdom fell by 0.9% to €3.0 billion over the same period.