The total volume of German exports, adjusted for calendar and seasonal factors, fell by 0.6% in July compared to the previous month, to €130.2 billion, according to a report by the Federal Statistical Office of Germany (Destatis). Imports decreased by 0.1% to €115.4 billion.
Year-on-year, exports grew by 1.4% and imports by 4.3%.
Exports to the US in July fell by 7.9% compared to June, to their lowest level since December 2021. This is the fourth consecutive month of decline. Shipments to China fell by 7.3%, and to the UK by 3.1%. Exports to European Union countries increased by 2.5%, while exports to Russia fell by 12.4% (to €526.5 million, a drop of 19.8% compared to July 2024).
Imports from EU countries rose by 1.1% last month, and from the UK by 7.8%. Supplies from China fell by 2.4%, from the US by 10%, and from Russia by 43.9% (to €80.7 million, a drop of 40.3% compared to a year earlier).
In January-July, exports from Germany to Russia fell by 6.8% compared to the same period last year, while imports fell by 37.4%.
Germany’s foreign trade surplus fell to €14.7 billion in July from €15.4 billion in June. A year earlier, the surplus was €17.7 billion.
Source: http://relocation.com.ua/nimechchyna-v-lypni-skorotyla-eksport-do-ssha/
