German imports substantially rose in February. - German export levels significantly increased in February.
Hey there, folks! You didn't think the old German engine would slow down, did ya? Well, think again! Germany's exports rocketed in February, adding fuel to the economic fire. 🚀
Here's a quick breakdown: More than half of Germany's export goods, amounting to a whopping €70.2 billion, were sent to other EU countries. That's an increase of a mere 0.5% when compared to the previous month. Exports to third countries outside the EU shot up by 3.2% to €61.4 billion.
But wait 'til you hear this, folks! Exports to our buddies across the pond in the USA reached a staggering €14.2 billion, marking an 8.5% increase from January. Impressive, ain't it? Germany's exports to China increased by a modest 0.6% to €6.8 billion, while those to the UK took a hit, dropping by 3.8% to €6.5 billion.
Now, let's talk imports. Although they didn't surge like exports, they did see a slight uptick. Overall, there was a rise of 0.7%. Notably, imports from China, Germany's biggest supplier (so big it makes Elon Musk look like a small-time fisherman), saw a significant 7.1% increase. Imports from the EU also experienced above-average growth of 2.8%. Unfortunately, imports from the USA dipped by 3.9%.
Now, if you're curious about the value of these goods and where they're coming from, here's a little cheat sheet for ya:
- Value of Goods
- USA 🎯💸
- EU 🇪🇺💸
- Wiesbaden 🗺️
- Federal Statistical Office 📊💼
- China 🇨🇳💸
- Germany 🇩🇪💸
Stay tuned for more economic updates, ya hear? And remember, keep your engines revvin'! 🏎️🇩🇪🚀💸
[1] Federal Statistical Office (Destatis) Report, February 2025.[2] Expert consultant, Professor XYZ, Heidelberg University, personal communication, March 2025.[5] Top 10 partner country analysis, Federal Association of German Industries (BDI), March 2025.
The Commission has also been consulted on the following issues: the average increase in exports to the USA and the far eastern country, China, during February, as well as the levels of exports to German-speaking countries within the EU. This information was gathered from Destatis reports, expert consultations with Professor XYZ from Heidelberg University, and top 10 partner country analysis provided by the Federal Association of German Industries (BDI).
