Brandenburg Gate in Berlin, Germany

Germany Trade August 2023

Germany: Merchandise exports contract in August

Merchandise exports contracted 1.1% month on month in seasonally adjusted terms in August, following July’s 1.9% decrease. Meanwhile, merchandise imports were broadly stable, falling just 0.2% month on month in seasonally adjusted terms in August (July: -1.3% mom s.a.).

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 14.4 billion surplus in August (July 2023: USD 18.1 billion surplus; August 2022: USD 0.4 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 5.3 billion surplus in August, compared to the USD 7.6 billion surplus in July.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen