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Germany's exports drop 1.2% in August 2023

The figures for August **** show that the country exported goods valued at €***.* billion and imported goods amounting to €***.* billion. The country saw a foreign trade surplus of €**.* billion in the same month, which contrasts starkly with the surplus of €**.* billion in July **** and just €* billion in August ****.

Breaking down the trade relationships, Germany exported goods worth €**.* billion to the European Union (EU) member states and imported goods valued at €**.* billion from them in August ****. These exports to the EU represented a *.* per cent fall, while imports saw a *.* per cent rise compared to July ****. Exports to EU countries outside the eurozone, like the UK, saw an increase, while imports decreased slightly, as per Destatis.