Insights for Germany

MoM insights: In the month-on-month analysis, Germany's imports from Italy saw the highest increase with a trade value of 5.92 billion EUR, reflecting a growth of approximately 18.15%. Poland followed with imports worth 6.1 billion EUR, increasing by 10.02%. Hungary also showed significant growth with imports valued at 2.89 billion EUR, up by 22.98%. On the lower end, imports from China decreased to 13.13 billion EUR, down by 5.99%. Ireland's imports fell to 1.51 billion EUR, a decrease of 25.01%. South Africa's imports also dropped to 830.94 million EUR, down by 28.62%. In exports, the United Kingdom led with 7.07 billion EUR, up by 9.13%. Switzerland followed with 6.77 billion EUR, increasing by 8.78%. Singapore's exports surged to 973.07 million EUR, a remarkable increase of 110.69%. Conversely, Greece's exports fell to 606.83 million EUR, down by 18.66%. Japan's exports decreased to 1.45 billion EUR, down by 8.76%. Vietnam's exports also dropped to 211.25 million EUR, down by 29.20%. Overall, total exports increased by 7.91 billion EUR (6.72%) while imports rose by 2.07 billion EUR (1.98%).

YoY insights: In the year-on-year analysis, Germany's imports from France increased to 5.87 billion EUR, up by 14.09%. Imports from China also rose to 13.13 billion EUR, with a growth of 4.81%. The United States contributed 7.22 billion EUR in imports, reflecting a 6.25% increase. On the downside, imports from Switzerland decreased to 4.39 billion EUR, down by 13.69%. The Rest of the World saw a decline to 2.6 billion EUR, down by 20.58%. Italy's imports also fell to 5.92 billion EUR, down by 9.97%. In exports, the Rest of the World saw a significant increase to 791.94 million EUR, up by 281.32%. The United Kingdom's exports rose to 7.07 billion EUR, up by 7.77%. Poland's exports increased to 8.01 billion EUR, reflecting a growth of 6.44%. However, exports to the United States decreased to 11.86 billion EUR, down by 14.05%. Japan's exports fell to 1.45 billion EUR, down by 41.26%. Exports to China also dropped to 5.67 billion EUR, down by 11.76%. Overall, total exports increased by 1.35 billion EUR (1.08%) while imports decreased by 1.55 billion EUR (-1.43%).