Germany Exports

Last Release

Feb 29, 2024

Actual

132.9

Units In

EUR Million

135.65

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
142,759.21 Nov 2022	125.69 Dec 2023	35,445.34 EUR Million	1950-2024	Federal Statistical Office

Germany is the third largest exporter in the world, with exports accounting for almost an half of its economic output. In 2017, Germany main exports were: motor vehicles, trailers and semi-trailers (18 percent of total exports); machinery and equipment (14 percent); chemicals and chemical products (9 percent); computer, electronic and optical products (9 percent); electrical equipment (6 percent); basic pharmaceutical products and pharmaceutical preparations (6 percent); other transport equipment (5 percent); food products (4 percent); basic metals (4 percent); and rubber and plastic products (4 percent). Main export partners were: the US (9 percent of the total exports), France (8 percent), China, the UK and the Netherlands (7 percent each), Italy, Austria and Poland (5 percent each), Switzerland (4 percent) and Belgium, Spain and Czech Republic (3 percent each).

Latest Updates

Exports from Germany dropped 2% month-on-month to EUR 132.9 billion in February 2024, coming more than market expectations of a 0.5% fall and reversing a 6.3% rise in the previous period. Exports to the EU contracted by 3.9% to EUR 72.9 billion, with those to the Euro Area falling by 3.6%. Meanwhile, sales to third countries rose by 0.4% to EUR 60 billion, primarily to the US (10.2%) and Russia (1.5%), which was partially offset by the decline in exports to China (-0.6%), and UK (-2%). Considering January to February, German exports were 2.1% lower compared to the corresponding period last year.