Germany's July trade surplus narrows to $17.29 billion

Germany has recorded a foreign trade surplus of €14.7 billion (~$17.29 billion) in July 2025 after calendar and seasonal adjustment, down from €15.4 billion in June and €17.7 billion in July 2024, according to the Federal Statistical Office (Destatis). Exports totalled €130.2 billion (~$153.18 billion) while imports reached €115.4 billion (~$135.76 billion).

Exports to EU countries rose 2.5 per cent to €74.8 billion, while imports increased 1.1 per cent to €60.3 billion. Exports to euro area nations stood at €52.0 billion (+2.5 per cent), while those to non-euro EU countries reached €22.8 billion (+2.6 per cent). Imports were €39.8 billion (+1.3 per cent) from the eurozone and €20.5 billion (+0.7 per cent) from non-euro EU states.

Exports to non-EU nations fell 4.5 per cent to €55.3 billion, and imports decreased 1.3 per cent to €55.1 billion. Shipments to the US dropped 7.9 per cent month on month (MoM) to €11.1 billion, the fourth consecutive decline and the lowest since December 2021. Compared with July 2024, exports to the US were 14.1 per cent lower. Exports to China fell 7.3 per cent to €6.4 billion, while those to the UK slipped 3.1 per cent to €7 billion.

On the import side, China remained Germany’s top source, with €14.3 billion worth of goods, down 2.4 per cent from June. Imports from the US declined sharply by 10 per cent to €7.8 billion, while those from the UK rose 7.8 per cent to €3.2 billion, Destatis said in a release.

Exports to Russia fell 12.4 per cent MoM to €0.5 billion in July 2025 and were 19.8 per cent lower year on year (YoY). Imports from Russia plunged 43.9 per cent to €0.1 billion from June and were down 40.3 per cent from July 2024.

On a nominal basis, exports amounted to €134.9 billion and imports to €118 billion. Compared with July 2024, exports rose 1.3 per cent and imports grew 4.5 per cent. The unadjusted trade surplus was €16.9 billion, narrower than the €20.2 billion recorded a year earlier.

ALCHEMPro News Desk (HU)