Prior €14.7 billion
The German trade surplus expanded in August as exports fell by 0.5% on the month while imports fell more by 1.3% on the month. Looking at the details, exports to the US were down 2.5% compared to July with the figure falling to €10.3 billion – its lowest since November 2021. This also marks the fifth straight month of declining exports to the US. Compared to the same month a year ago, exports to the US are down over 20%. Tariffs.
This article was written by Justin Low at investinglive.com.