Germany’s exports rose by 2.1% in November 2024, reaching a total of 127.3 billion euros, while imports decreased by 3.3% to 107.6 billion euros, according to the Federal Statistical Office (Destatis) on Thursday.
Compared to the previous year, exports in November decreased by 3.5%, and imports by 2.9%.
The overall trade balance closed with a surplus of 19.7 billion euros. In October, the calendar and seasonally adjusted trade balance was at +13.4 billion euros, and in November 2023, it was at +21.1 billion euros.
In November, the EU member states received 67.8 billion euros worth of exports (a 1.7% decrease from October) and sent 55 billion euros worth of imports (a 4.4% decrease).
The Eurozone countries received 46.9 billion euros worth of exports (a 2.1% decrease) and sent 36 billion euros worth of imports (a 5.2% decrease).
The non-Eurozone EU countries received 20.8 billion euros worth of exports (a 0.7% decrease) and sent 19.1 billion euros worth of imports (a 2.7% decrease).
In non-EU countries, Germany exported 59.5 billion euros worth of goods (a 6.9% increase from October) and imported 52.6 billion euros worth of goods (a 2.1% decrease).
The United States received the most German exports in November, with a 14.5% increase from October, reaching 14 billion euros. Exports to China decreased by 4.2% to 6.6 billion euros, and exports to the United Kingdom increased by 8.6% to 7.2 billion euros.
China was the largest supplier of imports, with 13.4 billion euros worth of goods (a 3.1% decrease from October). The United States supplied 7.2 billion euros worth of goods (a 3.7% decrease), and the United Kingdom supplied 2.8 billion euros worth of goods (a 4.7% decrease).
Germany’s exports to Russia increased by 21% from October, to 0.7 billion euros, and by 8.2% from November 2023. Imports from Russia decreased by 24.1% from October, to 0.1 billion euros, and by 33.6% from November 2023.