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German non-EU exports face 4.3% yearly decrease in Aug 2023

22 Sep '23
1 min read
Pic: Shutterstock/Aun Photographer
Pic: Shutterstock/Aun Photographer

Insights

  • In August 2023, Germany saw a decline in exports to countries outside the EU, commonly referred to as third countries.
  • There was a *.* per cent decrease compared to the previous month of July 2023 and a *.* per cent YoY decline, as per Destatis.
  • After adjustments for seasonal and calendar variations, the exports for the month stood at €****.* billion.

On a seasonally and calendar-adjusted basis, Germany exported goods valued at €**.* billion to non-EU countries in August. In original values, the exports stood at €**.* billion, also reflecting a *.* per cent decrease from August ****.

German exports to non-EU countries faced a decrease of *.* per cent month-on-month (MoM) in July ****. The value of exports to third countries amounted to €**.* billion after seasonal and calendar adjustments.

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