DeStatis – German Recession: Exports to non-EU countries in August 2024 -1.2% year on year

Exports to third countries (calendar and seasonally adjusted exports of goods), August 2024
58.5 billion euros
-1.1% on the previous month
-1.2% on the same month a year earlier

Exports to third countries (original values, exports of goods), August 2024
55.2 billion euros
-4.8% on the same month a year earlier

Germany is maintaining a high positive trade balance by depressing its own economy and wages, so that the decrease in imports is even greater

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Especially noticeable is the drop in exports to China, -15.2%, its second largest export market after the US

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