Germania Esportazioni

Exports from Germany grew by 0.9% month-over-month to EUR 134.1 billion in March 2024, easily exceeding market forecasts of 0.4% and reversing from a downwardly revised 1.6% fall in the previous month. It was the second time of increase in overseas sales so far this year, as shipments to the non-Euro Area gained by 1.8% while those to the EU stalled. Meanwhile, sales to third countries rose by 1.3% to EUR 60.9 billion, primarily to the US (3.6%) and China (3,7%), which was partially offset by the decline in exports to the UK (-3.8%). Considering the first three months of the year, exports were 1.1% lower compared to the corresponding period last year to EUR 402.2 billion.