alchempro
Home breadcru News breadcru Import/Exports breadcru Germany's exports to non-EU nations sink 2.1% YoY in Jun 2023
Textiles

Germany's exports to non-EU nations sink 2.1% YoY in Jun 2023

24 Jul '23
1 min read
Pic: Shutterstock/SvedOliver
Pic: Shutterstock/SvedOliver

Insights

  • Germany's exports to non-EU countries rose by 0.5 per cent month-on-month (MoM) to €60.1 billion in June 2023, after adjustments, according to the Federal Statistical Office (Destatis).
  • However, this marked a 2.1 per cent year-on-year (YoY) decrease.
  • In original terms, exports stood at €62.7 billion, which was a 2.0 per cent YoY increase.
German exports to third countries—those outside the European Union (EU)—saw a modest increase of 0.5 per cent month-on-month (MoM) in June 2023. The total value of goods exported amounted to €60.1 billion after seasonal and calendar adjustments. However, these figures represent a 2.1 per cent year-on-year (YoY) decrease.

In original values terms, the value of goods exported in June 2023 was €62.7 billion, marking a 2.0 per cent increase from the same month in the previous year. The variation in figures can be attributed to calendar and seasonal adjustments, the Federal Statistical Office (Destatis) said in a press release.

The marginal increase in exports signifies some resilience in the German economy, even though the growth is not quite robust. However, the YoY decrease highlights potential challenges and uncertainties in the global economy that Germany will need to navigate in the coming months.

ALCHEMPro News Desk (NB)
More Textiles News - Germany...

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!

More News

Copyright © 2025. All rights reserved by Fibre2Fashion Pvt. Ltd.