German Export Falls for the First Time in 6 Months

2026-09-08 06:10 By Judith Sib-at 1 min. read

Germany's exports decreased 0.8% month-on-month to €138.2 billion in July 2026, following a 0.9% rise in the previous month and compared with market expectations for no change.

This marked the first monthly drop in exports since January, as shipments to EU member states declined (-1.6% to €78 billion), entirely due to lower exports to the euro area (-2.8% to €53.9 billion), while exports to non-euro area countries increased (1.1% to €24.1 billion).

Exports to third countries rose 0.2% to €60.2 billion, as strong demand from the US (19.1%) more than offset declines in shipments to China (-9.5%) and the UK (-7.2%).

On a yearly basis, the country's exports increased 6.1% in July.

For the January-July period, German exports were 4% higher than in the same period a year earlier, amounting to €954.2 billion.



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German Export Falls for the First Time in 6 Months
Germany's exports decreased 0.8% month-on-month to €138.2 billion in July 2026, following a 0.9% rise in the previous month and compared with market expectations for no change. This marked the first monthly drop in exports since January, as shipments to EU member states declined (-1.6% to €78 billion), entirely due to lower exports to the euro area (-2.8% to €53.9 billion), while exports to non-euro area countries increased (1.1% to €24.1 billion). Exports to third countries rose 0.2% to €60.2 billion, as strong demand from the US (19.1%) more than offset declines in shipments to China (-9.5%) and the UK (-7.2%). On a yearly basis, the country's exports increased 6.1% in July. For the January-July period, German exports were 4% higher than in the same period a year earlier, amounting to €954.2 billion.
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Germany's exports rose 0.9% month-on-month to €139.3 billion in June 2026, easing from an upwardly revised 1.1% increase in the previous month but beating market expectations of a 0.2% gain. Shipments to EU member states climbed 1.3% to €79.3 billion, driven by a 1.2% rise in exports to the euro area (€55.3 billion) and a 1.8% increase to non-euro area countries (€24.1 billion). Elsewhere, exports to third countries edged up 0.3% to €60.0 billion, as stronger demand from the UK (7.7%) helped offset weaker shipments to the US (-14.2%) and China (-0.3%). In the first half of 2026, German exports increased 3.7% from the corresponding period a year earlier, totaling €816.6 billion.
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Germany's exports unexpectedly increased by 0.9% month-on-month to an over 3½-year high of €137.9 billion in May 2026, accelerating from a downwardly revised 0.8% increase in April and beating market expectations of a 0.3% decline. Exports to third countries rose 3.6%, supported by a 23.1% surge in shipments to the US, Germany's largest export market. Exports to China also grew, rising 7.1%, while those to the UK edged up 0.4%. By contrast, shipments to EU member states fell 1.1%, with exports to the Eurozone declining 0.5% and those to non-Eurozone countries falling 2.4%. For the first five months of 2026, outbound shipments increased 3.0% year-on-year to €676.2 billion.
2026-07-09