Germany’s goods exports fell -0.5% MoM (vs +0.3% MoM expected) and -0.7% YoY to €129.7 billion in August 2025, while imports fell -1.3% MoM (vs -0.5% MoM expected) but rose +3.5% YoY to €112.5 billion, leaving a seasonally adjusted surplus of €17.2 billion, reflecting softer export momentum and stronger import growth.

• Exports decreased -0.5% MoM and -0.7% YoY to €129.7 billion, pointing to weaker external demand relative to a year ago.

• Imports declined -1.3% MoM but increased +3.5% YoY to €112.5 billion, driven by higher annual inward flows despite the monthly drop.

• The seasonally adjusted trade surplus was €17.2 billion in August 2025, up from €16.3 billion in July and down from €21.9 billion in August 2024, narrowing the external balance versus the prior year.

• Trade with the EU showed exports of €72.5 billion (-2.5% MoM) and imports of €58.8 billion (-1.9% MoM), with both euro-area exports (€50.8 billion, -2.2% MoM) and non-euro EU partners contributing to the monthly decline.

• Trade with non-EU (third) countries recorded exports of €57.1 billion (+2.2% MoM) and imports of €53.7 billion (-0.7% MoM), with third-country trade supporting the monthly export outturn.

• Bilateral highlights: exports to the United States fell -2.5% MoM to €10.9 billion (fifth consecutive monthly drop; -20.1% YoY), exports to China rose +5.4% MoM to €6.8 billion, and exports to the UK fell -6.5% MoM to €6.5 billion.

• Energy/other trade notes: exports to Russia rose sharply +53.5% MoM to €0.8 billion (+31.8% YoY), while imports from Russia fell -8.5% MoM to €0.1 billion (-27.1% YoY).

• Unadjusted (nominal) values show exports of €115.6 billion (-3.9% YoY) and imports of €102.9 billion (+1.0% YoY), yielding a non-adjusted surplus of €12.8 billion, down from €18.4 billion a year earlier.