"Germany's exports have risen for the first time since June, driven by a sharp rebound in trade with the United States after months of tariff-related declines, official data showed Friday. Exports to the US the world's largest economy were up nearly 12% in September from the previous month, according to preliminary figures from the Federal Statistical Office. The increase followed five consecutive monthly drops, though volumes remained well below those of September 2024. Overall exports climbed 1.4% to 131.1 billion ($151 billion), exceeding analysts' expectations of a 0.5% gain, data provider FactSet said."
"ING economist Carsten Brzeski noted that the data showed "German exports are not falling off a cliff." "However, half a year after US President Trump's 'Liberation Day,' German exports have still not fully recovered," he added. The broad US tariffs have weighed heavily on Europe's largest economy, which depends on exporting cars, machinery, and pharmaceuticals to the American market. Meanwhile, exports to China fell 2.2% in September, reflecting weaker demand and growing competition from domestic Chinese manufacturers. Imports from China increased more than 6% compared with August, making it Germany's largest source of goods that month."
German exports increased 1.4% to 131.1 billion ($151 billion) in September, surpassing analysts' expectations of a 0.5% gain. Exports to the United States rose nearly 12% month-on-month after five consecutive monthly declines, though volumes remained well below those of September 2024. Broad US tariffs have substantially weighed on export sectors that rely on the American market, including cars, machinery, and pharmaceuticals. Exports to China fell 2.2% in September amid weaker demand and stronger domestic competition, while imports from China rose by more than 6%, making China Germany's largest source of goods that month.
Read at www.dw.com
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