Allemagne Exportations

Exports from Germany dropped by 2.8% month-over-month to a nearly 3-year low of EUR 124.6 billion in October 2024, compared with market estimates of a 2.0% fall and after a marginally revised 1.8% decrease in the previous month. It was the second straight month of falling outbound shipments and the steepest pace since December 2023, with sales to the EU down by 0.7%, namely to the Euro area (-0.7%) and non-Euro area (-0.9%). Additionally, exports to third countries plunged by 5.3%, dragged by lower sales to the US (-12.2%), China (-3.8%), and Russia (-9.4%) but rose to the UK (2.1%) For the first ten months of the year, exports fell 1.2% from the same period in 2023 to EUR 1.3 trillion.