Germany Exports

Last Release

Oct 31, 2024

Actual

124.6

Units In

EUR Million

128.2

Frequency

Monthly

Next Release

Jan 09, 2025

Time to Release

25 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
142,759.21 Nov 2022	124.6 Oct 2024	35,130.73 EUR Million	1950-2024	Federal Statistical Office

Germany is the third largest exporter in the world, with exports accounting for almost an half of its economic output. In 2017, Germany main exports were: motor vehicles, trailers and semi-trailers (18 percent of total exports); machinery and equipment (14 percent); chemicals and chemical products (9 percent); computer, electronic and optical products (9 percent); electrical equipment (6 percent); basic pharmaceutical products and pharmaceutical preparations (6 percent); other transport equipment (5 percent); food products (4 percent); basic metals (4 percent); and rubber and plastic products (4 percent). Main export partners were: the US (9 percent of the total exports), France (8 percent), China, the UK and the Netherlands (7 percent each), Italy, Austria and Poland (5 percent each), Switzerland (4 percent) and Belgium, Spain and Czech Republic (3 percent each).

Latest Updates

Exports from Germany dropped by 2.8% month-over-month to a nearly 3-year low of EUR 124.6 billion in October 2024, compared with market estimates of a 2.0% fall and after a marginally revised 1.8% decrease in the previous month. It was the second straight month of falling outbound shipments and the steepest pace since December 2023, with sales to the EU down by 0.7%, namely to the Euro area (-0.7%) and non-Euro area (-0.9%). Additionally, exports to third countries plunged by 5.3%, dragged by lower sales to the US (-12.2%), China (-3.8%), and Russia (-9.4%) but rose to the UK (2.1%) For the first ten months of the year, exports fell 1.2% from the same period in 2023 to EUR 1.3 trillion.