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Exports decreased by 0.1 per cent year on year (YoY) and imports rose by 8.7 per cent YoY in the month, provisional data show.
After calendar and seasonal adjustment, Germany exported goods worth €129.2 billion and imported goods worth €113.1 billion in January 2025.
The foreign trade balance thus showed a surplus of €16 billion in the month.
The calendar- and seasonally-adjusted surplus stood at €20.7 billion in December 2024. In January 2024, the surplus was €25.3 billion.
On a calendar- and seasonally-adjusted basis, Germany exported goods worth €69.8 billion to the member states of the European Union (EU) in January, while it imported goods worth €57 billion from these countries.
Calendar-and seasonally-adjusted exports to the EU countries dropped by 4.2 per cent MoM and imports from these countries fell by 1.1 per cent MoM in January.
The value of the goods exported to euro area countries totalled €48.4 billion (minus 5.0 per cent), and the value of the goods imported from these countries was €37.7 billion (minus 0.2 per cent).
Goods worth €21.4 billion (minus 2.3 per cent) were exported to EU countries not belonging to the euro area, while the value of the goods imported from these countries was €19.3 billion (minus 2.7 per cent).
Exports of goods to countries outside the EU amounted to €59.4 billion in January, while imports from such countries totalled €56.1 billion on a calendar- and seasonally-adjusted basis. Exports to such countries decreased by 0.4 per cent MoM, while imports from such countries rose by 3.7 per cent MoM.
Most German exports went to the United States in the month. After seasonal and calendar adjustment, exports of goods to the United States were down by 4.2 per cent MoM, with the value of such exports falling to €13 billion. Exports to China decreased by 0.9 per cent MoM to €6.7 billion. Exports to the United Kingdom increased by 1.7 per cent MoM to €6.8 billion.
Most imports in January came from China. Goods worth €12.9 billion were imported from there on a calendar- and seasonally-adjusted basis—a decrease of 2.8 per cent MoM.
Imports from the United States rose by 6.5 per cent MoM to €8 billion, while imports from the United Kingdom increased by 18.8 per cent MoM to $3.6 billion during the month.
After seasonal and calendar adjustment, exports to Russia increased by 7.2 per cent MoM to €0.6 billion in January and dropped by 9.3 per cent YoY. Imports from Russia fell by 15.7 per cent MoM to €0.1 billion and were down by 37.7 per cent YoY in the month.
Fibre2Fashion News Desk (DS)