Germany is a major exporter of cars
Ina FASSBENDERGerman exports dropped faster than expected in January, official data showed Tuesday, the latest sign that the recovery in Europe's struggling top economy remains fragile.
Exports slipped 2.3 percent from the previous month to 130.5 billion euros ($152 billion), according to preliminary data from statistics agency Destatis, due to falls in shipments to China and Europe.
Analysts surveyed by financial data firm FactSet had expected a decline of two percent.
After three bleak years, hopes are high that the eurozone's industrial powerhouse will stage a recovery this year on the back of a public spending bonanza unleashed by Chancellor Friedrich Merz.
Despite some positive signs in past months, the export data provides a dampener that indicates a turnaround may not be quick.
In January exports to China, Germany's top trading partner in 2025, dropped over 13 percent.Â
Traditionally a key export destination for German firms, China has become a challenging market due to an economic slowdown and the rise of homegrown rivals in key sectors.
Exports to fellow European Union countries also fell nearly five percent.
But in more positive news, shipments to the United States -- Germany's top export destination -- rebounded nearly 12, after having suffered heavily in 2025 due to President Donald Trump's tariff blitz.
Imports to Germany also dropped nearly six percent in January, driven by a fall in purchases from the United States and China.
German imports were valued at 109.2 billion euros in January. The trade surplus widened to 21.2 billion euros.
sr/fz/cw
Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.
Information from the News and our advertisers (Want to add your business to this to this feed?)
Success! An email has been sent to with a link to confirm list signup.
Error! There was an error processing your request.
Sign up to receive notifications when a new Columbia Gorge News e-Edition is published.
Would you like to receive our news updates? Signup today!
Receive weekly updates on obituaries and death notices.
Oregon Capital Press presented by Columbia Gorge News
Receive updates on upcoming promotions and special sections.
Receive weekly updates on local sports news.
Sorry, there are no recent results for popular videos.
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
Commented