Germany Imports

Imports into Germany rose 3.2% month-on-month to EUR 111.5 billion in February 2024, defying market forecasts of a 1% drop but easing from a 3.3% increase in the previous period. Imports from the third countries soared 14.7% to EUR 54 billion, mainly from China (16%), and Russia (23.5%), while those from the US and UK fell 5.2% and 4.6%, respectively. Conversely, arrivals from the EU declined 5.7% to EUR 57.5 billion, with those from the Euro Area decreasing 4.7%. In the first two months of the year, imports shrank by 8.5% compared to the same period in the prior year.