German Exports Rise More Than Forecast

Germany’s exports rose 2% month-on-month to €141.1 billion in September 2026, following a downwardly revised 0.4% decline in the previous month and beating market expectations of a 0.5% gain. This marked the fastest increase since February, driven mainly by a 3.5% increase in shipments to EU member states, which reached €80.8 billion. Exports to euro area countries rose 2.4% to €55.8 billion, while shipments to non-euro area EU members increased 6.1% to €25 billion. Meanwhile, shipments to third countries edged up 0.1% to €60.3 billion, although exports to the US (-0.5%), China (-5.2%), and the UK (-4.7%) declined. On a yearly basis, German exports increased 7.7% in September. Over the January-September period, exports totaled €1,234.3 billion, up 4.3% from the same period a year earlier.

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.

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.