German exports fell 0.8% in August, missing expectations for a 0.6% increase, while imports rose 0.9%. The trade surplus narrowed to €19.5 billion from €21.6 billion in July, with exports to the U.S. dropping 6.3%.
German goods exports fell 0.8% in August compared with July, while imports rose 0.9%, according to Destatis figures reported on 8 October. Both monthly changes are calendar and seasonally adjusted. The August trade surplus was €19.5 billion. The release adds a separate external-demand reading to this week’s German production and factory-order data. Monthly export weakness should be assessed alongside subsequent releases when evaluating the durability of Germany’s economic recovery.
Supporting Data
| Item | Value | Why it matters |
|---|---|---|
| F1 | CONFIRMED_FACT | August exports fell 0.8% month-on-month; imports rose 0.9%; the trade surplus was €19.5 billion. |
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