Germany: Merchandise exports fall in July
Latest reading: Merchandise exports fell 0.6% on a seasonally and calendar-adjusted month-on-month basis in July (June: +1.1% mom s.a.). Meanwhile, merchandise imports contracted 0.1% on a sequential basis in July (June: +4.1% mom s.a.).
As a result, the merchandise trade balance improved from the previous month, recording a USD 16.9 billion surplus in July (June 2025: USD 15.9 billion surplus; July 2024: USD 20.2 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 208.5 billion surplus in July, compared to the USD 211.8 billion surplus in June.