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Germany's export surplus soars to €98.7 bn in H1 2023

15 Aug '23
1 min read
Pic: Shutterstock/Nickolay Khoroshkov
Pic: Shutterstock/Nickolay Khoroshkov

Insights

  • Germany's trade in the first half of 2023 saw a significant export surplus of €98.7 billion, over double the figure from 2022.
  • Exports increased by 3.3 per cent to €797.8 billion, while imports fell 4.3 per cent to €699.1 billion compared to the same period the previous year.
  • The data highlights a marked improvement in Germany's trade performance.
Germany’s trade performance in the first half (H1) of 2023 showcased a marked improvement, with an export surplus of €98.7 billion, more than double the €41.8 billion seen in the same period in 2022.

The country’s total exports rose by 3.3 per cent to reach €797.8 billion compared with the first half of the previous year. Meanwhile, imports saw a decrease, falling 4.3 per cent to €699.1 billion in comparison to the same period in 2022, Destatis said in a press release.

In the first five months of 2023, Germany exported goods to the total value of €658.6 billion, which rose by 3.5 per cent compared with January to May 2022.

ALCHEMPro News Desk (NB)
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