Germania Esportazioni

Germany’s exports unexpectedly inched up 0.1% month-on-month to €131.3 billion in October 2025, reaching a six-month high after an upwardly revised 1.5% rise in September and beating market expectations for a 0.2% decline. It was the second consecutive monthly gain, supported by stronger demand from EU trading partners, where exports grew 2.7%, including increases of 2.5% to the euro area and 3.1% to non-euro-area countries. By contrast, shipments to third countries dropped 3.3%, including a 7.8% fall in exports to the US, Germany’s largest export destination, amid the lingering impact of US tariffs, after an 11.9% surge in September. The EU agreed to a trade deal with the US in the summer, which included a 15% ceiling on most exports. Shipments to the UK also declined, down 6.5%, while exports to China fell 5.8%. Over the first ten months of 2025, Germany’s total exports reached €1.31 trillion, up 1.1% from the same period in 2024.