The German economy’s exports also recovered slightly in August. Slightly more goods were delivered to the USA and China than in July.
German companies also exported more goods abroad in August. As the Federal Statistical Office announced based on preliminary results, exports increased by 1.3 percent to 131.9 billion euros compared to July, seasonally and calendar adjusted. Compared to the same month last year, there was a small increase of 0.1 percent.
In contrast, imports to Germany declined. With a value of 109.4 billion euros, they were 3.4 percent below the previous month. Compared to August 2023, imports lost 3.1 percent. The foreign trade surplus amounted to 22.5 billion euros. In the previous month of July, the German economy recorded the lowest foreign trade surplus since May 2023 at 16.8 billion euros.
Slightly more goods were delivered to the USA, the most important buyer country for the German economy, than in July. Exports there increased by 5.5 percent to 13.5 billion euros after calendar and season adjustments. Exports to China also increased slightly compared to the previous month, by 1.9 percent to 7.4 billion euros. Most imports came from there with a value of 13.2 billion euros, which was 1.4 percent less than in July.
Source: Stern
