Germany Posts €21.3 Billion Trade Surplus as July Imports Drop 5.7%
Updated
Updated · Forex Factory · Sep 8
Germany Posts €21.3 Billion Trade Surplus as July Imports Drop 5.7%
3 articles · Updated · Forex Factory · Sep 8
Summary
€21.3 billion — Germany’s trade surplus widened in July as imports fell far faster than exports, with seasonally adjusted imports down 5.7% from June and exports off 0.8%.
€138.2 billion in exports and €116.9 billion in imports left a seasonally adjusted surplus of €15.4 billion, showing the monthly improvement came from weaker inbound demand rather than stronger foreign sales.
6.1% year on year — exports still rose versus July 2025, while imports increased 3.0%, suggesting the monthly setback followed a stronger annual trade backdrop.
Destatis said the figures are provisional, leaving Germany’s July trade data as a mixed signal for Europe’s largest economy: a bigger surplus, but softer domestic import demand.