German Exports Dip in July

German Exports Dip in July

German export and import figures for July 2025 indicate a mixed performance compared to both the previous month and the same period last year.

Preliminary data released by the Federal Statistical Office (Destatis) show a seasonally and calendar adjusted decrease of 0.6 percent in exports and 0.1 percent in imports for July 2025 when compared to June 2025. However, when viewed against July 2024, exports increased by 1.4 percent while imports rose by a more substantial 4.3 percent.

In July 2025, German companies exported goods worth €130.2 billion and imported goods valued at €115.4 billion, resulting in a trade surplus of €14.7 billion. This surplus was slightly down from the €15.4 billion surplus recorded in June and significantly lower than the €17.7 billion surplus observed in July 2024.

Exports to EU member states totaled €74.8 billion, while imports from those countries amounted to €60.3 billion, reflecting an increase of 2.5 percent and 1.1 percent respectively compared to June 2025. Within the Eurozone, exports were €52.0 billion (+2.5 percent), with imports at €39.8 billion (+1.3 percent). Exports to EU countries outside the Eurozone reached €22.8 billion (+2.6 percent), while imports from those countries stood at €20.5 billion (+0.7 percent).

Exports to third-party countries declined by 4.5 percent to €55.3 billion, while imports from these nations fell by 1.3 percent to €55.1 billion compared to June 2025.

The United States remained the largest recipient of German exports, although figures showed a 7.9 percent decrease in exports to the U.S. compared to June 2025, bringing the total to €11.1 billion. This marks the fourth consecutive monthly decline and the lowest figure since December 2021. Exports to the U.S. were down 14.1 percent compared to July 2024. Exports to China also fell, decreasing by 7.3 percent to €6.4 billion compared to June 2025. Exports to the United Kingdom saw a decrease of 3.1 percent, reaching €7.0 billion.

China accounted for the largest share of German imports, with goods valued at €14.3 billion being imported, a decrease of 2.4 percent from the previous month. Imports from the United States fell by 10.0 percent to €7.8 billion, while imports from the United Kingdom saw an increase of 7.8 percent, reaching €3.2 billion.

Exports to Russia experienced a significant drop, declining by 12.4 percent compared to June, amounting to €0.5 billion. Compared to July 2024, exports to Russia dropped by 19.8 percent. Imports from Russia also saw a sharp decrease, falling by 43.9 percent compared to June, reaching €0.1 billion and a 40.3 percent decrease when compared to July 2024.