Exports (calendar and seasonally adjusted exports of goods), June 2023
131.3 billion euros
+0.1% on the previous month
-1.9% on the same month a year earlier
Imports (calendar and seasonally adjusted imports of goods), June 2023
112.6 billion euros
-3.4% on the previous month
-11.6% on the same month a year earlier
Foreign trade balance (calendar and seasonally adjusted), June 2023
+18.7 billion euros
WIESBADEN – In June 2023, German exports were up 0.1% and imports were down 3.4% on a calendar and seasonally adjusted basis compared with May 2023. Based on provisional data, the Federal Statistical Office (Destatis) also reports that exports decreased by 1.9% and imports fell by 11.6% year on year.
Foreign Trade
Combination chart with 3 data series.
seasonally adjusted values (X-13 Arima), Euro billion
View as data table, Foreign Trade
The chart has 1 X axis displaying Time. Data ranges from 2018-01-01 03:00:00 to 2023-06-01 03:00:00.
The chart has 1 Y axis displaying values. Data ranges from 2 to 137.
After calendar and seasonal adjustment, Germany exported goods to the total value of 131.3 billion euros and imported goods to the value of 112.6 billion euros in June 2023. The foreign trade balance showed a surplus of 18.7 billion euros in June 2023. The calendar and seasonally adjusted surplus stood at 14.6 billion euros in May 2023 and 6.4 billion euros in June 2022.
Trade with EU countries
On a calendar and seasonally adjusted basis, Germany exported goods to the value of 71.5 billion euros to the Member States of the European Union (EU) in June 2023, while it imported goods to the value of 60.0 billion euros from these countries. Compared with May 2023, calendar and seasonally adjusted exports to EU countries rose by 1.3%, while imports from these countries fell by 3.1%. The value of the goods exported to euro area countries totalled 50.3 billion euros (+1.8%) in June 2023, and the value of the goods imported from these countries was 39.6 billion euros (-4.1%). In June 2023, goods to the value of 21.2 billion euros (-0.1%) were exported to EU countries not belonging to the euro area, while the value of the goods imported from these countries was 20.4 billion euros (-1.0%), on a calendar and seasonally adjusted basis.
Trade with non-EU countries
Exports of goods to countries outside the EU (third countries) amounted to 59.8 billion euros in June 2023, while imports from these countries totalled 52.6 billion euros, on a calendar and seasonally adjusted basis. Compared with May 2023, exports to third countries declined by 1.1% and imports from third countries fell by 3.7%.
Most German exports in June 2023 went to the United States. After seasonal and calendar adjustment, exports of goods to the United States were down 0.2% compared with May 2023, with the value of exports to the United States dropping to 12.7 billion euros. Exports to the People’s Republic of China decreased by 5.9% to 8.2 billion euros and exports to the United Kingdom fell by 0.2% to 6.5 billion euros.
Most imports in June 2023 came from the People’s Republic of China. Goods to the value of 14.0 billion euros were imported from there, which represented a 5.3% increase compared with the previous month, after calendar and seasonal adjustment. Imports from the United States fell by 1.2% to 7.5 billion euros. Imports from the United Kingdom dropped by 4.4% to 3.1 billion euros during the same period.
Exports to the Russian Federation declined a calendar and seasonally adjusted 2.3% to 0.7 billion euros in June 2023 compared with May 2023. Compared with June 2022, when exports to Russia decreased dramatically as a result of the Russian attack on Ukraine, exports fell by 41.1%. Imports from Russia rose by 16.5% to 0.3 billion euros in June 2023 from May 2023, and were down 91.3% compared with June 2022.
Original foreign trade values (not adjusted for calendar or seasonal effects)
Germany exported goods to the value of 138.6 billion euros and imported goods to the value of 116.4 billion euros on a nominal basis (not adjusted for calendar or seasonal effects) in June 2023. Compared with June 2022, exports in June 2023 therefore increased by 1.5%, and imports fell by 9.5%. The unadjusted foreign trade balance showed a surplus of 22.2 billion euros in June 2023. In June 2022, the surplus was 8.0 billion euros.