In the initial half of the year, German export figures showed a minor decrease.
In the initial six months of the year, German exports were recorded at an impressive 801.7 billion euros, according to official statistics. The major exports included automobiles and auto components, amounting to 135.3 billion euros, but there was a slight drop of 2.4% compared to the same period the previous year. Exports of machinery and chemical products also saw declines of 4.4% and 2.6% respectively.
Similar to past years, the largest share of exports in the January to June period was headed to the USA, totaling 80.7 billion euros. France and the Netherlands held the second and third spots. A notable change occurred as Poland took the fourth position, displacing China from the list of top export destinations.
As for imports, China remained consistent, contributing 73.5 billion euros, just like before. The Netherlands and the United States took the second and third places, respectively.
The worth of exports surpassed that of imports, creating a trade surplus of a significant 138.8 billion euros. This surplus represented a notable increase of approximately 29% compared to the first half of 2023.
The USA continued to be the primary destination for Germany's exports in the first half of the year, accounting for 80.7 billion euros worth of exports. Despite a slight drop in exports of machinery and chemical products, Germany's total exports still reached 801.7 billion euros, demonstrating strong performance in exports sectors such as automobiles and auto components.
