German Exports Drop for 2nd Month

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

Germany’s exports fell 0.8% month-on-month to €137.6 billion in August 2026, following a downwardly revised 0.5% drop in the previous month and against market expectations for a 0.8% increase.

This marked the second consecutive monthly decline in exports, driven by lower shipments to EU member states (-0.6% to €77.5 billion), particularly to non-euro area countries (-3.5% to €23.2 billion), while exports to the euro area increased (0.8% to €54.3 billion).

Shipments to third countries also dropped (-1.1% to €60.0 billion), primarily due to weaker demand from the US (-6.3%), which offset increases in exports to China (4.7%) and the UK (16.7%).

On a yearly basis, Germany’s exports grew 6.2% in August.

For the January-August period, the country's exports were 4.4% higher than in the same period a year ago, totaling €1,092.7 billion.



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German Exports Drop for 2nd Month
Germany’s exports fell 0.8% month-on-month to €137.6 billion in August 2026, following a downwardly revised 0.5% drop in the previous month and against market expectations for a 0.8% increase. This marked the second consecutive monthly decline in exports, driven by lower shipments to EU member states (-0.6% to €77.5 billion), particularly to non-euro area countries (-3.5% to €23.2 billion), while exports to the euro area increased (0.8% to €54.3 billion). Shipments to third countries also dropped (-1.1% to €60.0 billion), primarily due to weaker demand from the US (-6.3%), which offset increases in exports to China (4.7%) and the UK (16.7%). On a yearly basis, Germany’s exports grew 6.2% in August. For the January-August period, the country's exports were 4.4% higher than in the same period a year ago, totaling €1,092.7 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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