German Exports Face Second Year of Decline

Published: 2025-02-07

Germany's export sector faced another challenging year in 2024, with exports dropping by 1% to €1.56 trillion, following a 1.2% decline in 2023. Imports also fell by 2.8%, reflecting weak domestic demand.

The trade surplus reached €241.2 billion, but experts warn of a "lost year" for German trade.

December brought a surprising 2.9% export increase, driven by EU demand, but it wasn't enough to offset the annual decline.

The U.

S. remained Germany's top export market, though tensions rose as President Trump signaled potential tariffs on European goods.

Meanwhile, China's reduced demand and growing self-reliance added to the challenges.

Economists predict further struggles for German exports in 2025.