FX.co ★ German Exports Fall 0.6% MoM

In July 2025, Germany experienced a 0.6% drop in exports compared to the previous month, bringing the total down to EUR 130.2 billion. This decline marks a shift from the 1.1% growth seen after revisions in June. The downturn was largely due to reduced demand from non-European countries, most notably falling exports to the Russian Federation by 12.4%, the United States, which saw a 7.9% decrease as a result of new US tariff measures, a 7.3% drop in China, and a 3.1% decrease in the United Kingdom. Conversely, exports to the European Union rose by 2.5%, buoyed by increased demand in both Eurozone and non-Eurozone regions, which saw increases of 2.5% and 2.6%, respectively. Cumulatively, Germany's exports for the first seven months of the year climbed to EUR 916.1 billion, reflecting a modest 0.7% rise compared to the same timeframe in 2024.