Insights for Germany

MoM insights: In the month-on-month analysis, Germany's imports from France saw the highest increase with a trade value of 6.69B, reflecting a growth of 838.51M, which is a 14.32% increase. Italy followed closely with imports valued at 6.95B, increasing by 610.09M (9.63%). Switzerland also contributed significantly with imports of 5.18B, up by 546.85M (11.80%). On the lower end, imports from the United States decreased by 1.34B to 7.6B, a drop of 14.95%. The United Kingdom and Spain also saw declines of 540.08M (15.00%) and 168.75M (4.82%) respectively. For exports, Poland led with a trade value of 9.51B, increasing by 635.97M (7.16%). Switzerland and Austria followed with exports of 6.68B (624.43M, 10.34%) and 7.42B (363.15M, 5.13%) respectively. On the downside, exports to the United States fell by 864.17M to 12.25B (6.59%), while the United Kingdom and South Korea also experienced declines of 276.23M (3.80%) and 272.03M (16.14%). In terms of subnational geography, Hesse saw the highest imports at 12.09B, increasing by 999.92M (9.09%). Bavaria and North Rhine-Westphalia followed with 21.25B (891.75M, 4.43%) and 24.63B (506.32M, 2.10%) respectively. Conversely, Saxony experienced the largest drop in imports, down by 836.62M to 3.25B (20.45%). Lower Saxony and Schleswig-Holstein also saw declines of 623.57M (5.40%) and 183.64M (6.96%). For exports, the highest value was from Foreign Countries at 31.68B, increasing by 922.31M (2.99%). Bavaria and North Rhine-Westphalia followed with 20.41B (821.24M, 4.18%) and 19.17B (534.93M, 2.87%). However, Lower Saxony saw a significant drop of 1.47B to 8.48B (14.78%). Hamburg and Brandenburg also faced declines of 371.49M (7.33%) and 160.26M (7.06%). In product categories, imports of Office and automatic data processing machines were highest at 3.86B, increasing by 419.86M (12.22%). Telecommunication devices followed with 2.92B (286.24M, 10.87%). The lowest performing product was Basic pharmaceutical products, which saw a decline of 754.86M to 1.7B (30.76%). Machinery for electricity production also fell by 317.23M (3.92%). For exports, Aircraft led with 3.87B, increasing by 388.17M (11.44%). Other articles of iron and telecommunication devices also performed well with increases of 332.41M (10.28%) and 327.48M (25.52%). The lowest was Ships and boats, which dropped by 890.86M to 154.16M (85.25%). Motor cars and motor caravans also saw a decline of 430.43M (3.10%).

YoY insights: In the year-on-year analysis, imports from Italy showed the most significant growth, reaching 6.95B with an increase of 937.92M (15.61%). The Netherlands followed with 8.6B, up by 739.87M (9.43%). Austria also saw a notable increase of 648.09M (14.02%) to 5.27B. On the downside, imports from Norway fell by 569.89M to 1.96B (22.55%). Singapore and the United States also experienced declines of 523.02M (61.27%) and 435.37M (5.40%). For exports, Poland led with a trade value of 9.51B, increasing by 1.22B (14.47%). France and Switzerland followed with increases of 1.07B (10.77%) and 1.03B (18.25%) respectively. Conversely, exports to the United States decreased by 1.1B to 12.25B (8.82%). China and Japan also saw declines of 613.92M (8.55%) and 410.73M (22.05%). In terms of subnational geography, imports from Rest Position showed the highest growth at 1.74B, increasing by 1.72B (73.85%). Hesse and Bavaria followed with increases of 1.07B (9.74%) and 855.22M (4.18%). On the downside, Lower Saxony saw a decline of 499.8M to 10.85B (4.42%). Baden-Württemberg and Hamburg also faced declines of 342.38M (1.71%) and 330.63M (4.80%). For exports, Hesse led with 8.13B, increasing by 1.48B (22.22%). Foreign Countries and Bavaria followed with increases of 1.48B (4.90%) and 1.07B (5.53%). However, Saxony experienced a decline of 159.19M to 4.37B (3.53%). Hamburg and Schleswig-Holstein also saw decreases of 144.29M (2.99%) and 2.56M (0.12%). In product categories, imports of Motor cars and motor caravans increased by 598.52M (10.00%) to 6.56B. Machinery for electricity production also saw a growth of 547.44M (7.54%). On the downside, Estimations for non-response fell by 2.98B (36.03%). Other prefabricated chemicals also saw a decline of 713.97M (33.36%). For exports, Estimations for exemptions led with a growth of 1.02B (88.27%) to 2.17B. Pharmaceutical products and machinery for electricity production also performed well with increases of 938.73M (10.53%) and 882.21M (14.17%). However, exports of Motor cars and motor caravans fell by 955.28M (6.63%). Plates and sheets of iron or steel also saw a decline of 166.2M (13.87%).