Berlin, September 6, 2024 (FinanceFlashNews) – Germany’s trade surplus fell to €16.8 billion in July 2024, its lowest level in 19 months, driven by imports rising faster than exports, according to Destatis. Exports rose by 1.7%, while imports jumped by 5.4%, particularly from China (+6.6%) and the USA (+5.3%). Export declines were notable to China (-8%) and USA (-1.7%), while exports to Russia increased by 18.9%.
| Sector | Monthly Growth (%) |
|---|---|
| Exports | +1.7% |
| Imports | +5.4% |
Key Insights
- Exports to the EU grew by 3.3%, with imports rising 5.3%.
- Export declines were driven by weaker demand from key markets like China and the USA.
- Russia saw an unexpected surge in exports, up 18.9%.
Keywords: German trade surplus, export-import trends, EU trade, global trade imbalance, German economic outlook
