German trade surplus grows as imports fall more than exports in August

Germany's trade surplus climbed in August, data published by the Federal Statistical Office showed Thursday.

The country's trade surplus grew to EUR17.2 billion in August from EUR16.3 billion in July.

Exports edged down by 0.5% monthly in August to EUR129.7 billion; however, imports fell by 1.3% to EUR112.5 billion.

Compared to August 2024, exports were down 0.7%, while imports were 3.5% higher.

The statistical office highlighted that German exports to the US were down 2.5% monthly in August and 20% lower than in August 2024.

August marked the fifth consecutive month-on-month fall in German exports to the US, and with EUR10.9 billion, the number was the lowest since November 2021, when it had stood at EUR10.3 billion.