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Germany: Exports Fall More Than Expected

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  • Germany: Exports Fall More Than Expected

    August 7, 2014
    Exports from Germany dropped by 3.4% month-over-month to a six-month low of EUR 127.7 billion in June 2024, worse than market forecasts of a 1.5% drop, following a downwardly revised 3.1% fall in the previous month, the steepest decline since last December. Shipments to the EU fell by 3.4%, dragged by those from the Euro area (-3.2%) and non-Euro area (-3.7%). Also, exports to third countries dropped by 3.5%, with exports to the US shrinking by 7.7%, while those to the UK, and Russia fell by 0.6% and 3,2%, respectively. By contrast, exports to China rose by 3.4%. For the first seven months of 2024, exports fell 1.1% compared with the corresponding period last year to EUR 798.8 billion. source: Federal Statistical Office

    https://tradingeconomics.com/germany/exports
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