In May, German exports fell, due to the weakest U.S. demand in more than three years. They fell by 1.4% compared to the previous month, to €129.4 billion, as announced by Germany’s Federal Statistical Office on July 8. This is the second decline in a row. In April, exports fell by 1.6%.
Most exports in May again went to the United States, which bought German goods worth €12.1 billion. However, this is 7.7% less than in April and also the lowest figure since March 2022. As for the U.S. market, due to attempts to escape Trump’s higher tariffs plans, many exports had already been brought forward, and new exports are now slacking.
