ECONOMY

German Exports Imports Growth Eases in February

Imports to Germany increased by 0.7% month-over-month to EUR 113.8 billion in February 2025, easing from an upwardly revised 5% gain in the previous month. Arrivals from EU countries grew by 2.3%, mainly due to increased purchases from both the Euro area (2.8%) and the non-Euro area (1.4%). Meanwhile, arrivals from third countries declined by 1%, primarily driven by lower purchases from the US (-3.9%), the UK (-5.2%), and the Russian Federation (-4.5%). source: Federal Statistical Office
Exports from Germany rose by 1.8% month-over-month to a ten-month high of EUR 131.6 billion in February 2025, following a revised figure of 0% in the previous month. This marked the strongest growth in export activity since November 2024, primarily driven by higher sales to the EU (0.5%), particularly to the Euro area (0.3%) and the non-Euro area (1%). In addition, shipments increased to third countries (3.2%), particularly to the USA (8.5%) and China (0.6%). However, shipments declined to the UK (-3.8%) and Russian Federation (-3%). source: Federal Statistical Office
Germany is the third largest exporter in the world, with exports accounting for almost half of its economic output. Germany's main exports are: motor vehicles, trailers and semi-trailers (15 percent of total exports); machinery and equipment (14 percent); chemicals and chemical products (10 percent); computer, electronic and optical products (9 percent); basic pharmaceutical products and pharmaceutical preparations (7 percent); electrical equipment (7 percent); basic metals (5 percent); food products (4 percent); rubber and plastic products (4 percent); fabricated metal products, except machinery and equipment (3 percent) and other transport equipment (3 percent). Main export partners are: the US (9 percent of the total exports), China (8 percent), France and the Netherlands (7 percent each), Poland (6 percent), Italy, Austria and the United Kingdom (5 percent each), Switzerland and Belgium (4 percent each), Czech Republic and Spain (3 percent each)

Source: Trading Economi

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