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Germany's exports to US show 7% boost in early 2023

18 Jul '23
1 min read
Pic: Shutterstock/Maksym Kapliuk
Pic: Shutterstock/Maksym Kapliuk

Insights

  • From January to May 2023, Germany's exports to the US totalled €64.3 billion, a 7 per cent increase from the same period in 2022, according to Destatis.
  • During this period, Germany's total exports amounted to €658.6 billion, marking a 3.5 per cent YoY rise.
  • The US, contributing 9.8 per cent of total exports, remained Germany's top trading partner.
Goods to the value of €64.3 billion were exported from Germany to the US in the period from January to May 2023, as per data released by the Federal Statistical Office (Destatis). Exports therefore rose by 7.0 per cent compared with the same period a year earlier.

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, Destatis said in a press release.

Accounting for a 9.8 per cent share in total exports, the US continued to be Germany’s most important trading partner in terms of exports, followed by France at 7.6 per cent, the Netherlands at 7.3 per cent, and China at 6.2 per cent.

ALCHEMPro News Desk (NB)
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