7 November 2025
German exports to US see signs of recovery after Trump tariffs fall
Germany’s exports rose for the first time since June on a sharp rebound in trade with the United States after months of tariff-related declines, official data showed on Friday.
Exports to the US – the world’s largest economy – were nearly 12% higher in September than the previous month, according to preliminary data from the Federal Statistics Office. The increase followed five consecutive monthly declines, although volumes remained well below September 2024.
Data provider FactSet said total exports rose 1.4% to €131.1 billion ($151 billion), above analysts’ expectations of a 0.5% gain.
ING economist Carsten Brzezczyk said the data showed that “German exports are not going to decline drastically.”
“However, even half a year after US President Trump’s ‘Liberation Day’, German exports have not fully recovered,” he said.
The sweeping US tariffs have hit Europe’s biggest economy hard, which depends on exports of cars, machinery and pharmaceuticals to the US market.
Meanwhile, exports to China fell 2.2% in September, reflecting weak demand and increasing competition from domestic Chinese manufacturers. Imports from China rose by more than 6% compared with August, making it the largest source of goods for Germany that month.