According to Destatis, on a calendar and seasonally adjusted basis, German exports fell by 1.2% MoM while imports increased by 3.5% in August. After calendar and seasonal adjustments, exports were 0.5% higher and imports were 9.9% higher than in February 2020, the month before COVID-19 restrictions were implemented.

In August, 104.4 billion euros of goods were exported, and 93.8 billion euros of goods were imported. Exports increased by 14.4% YoY while imports increased by 18.1%.

The international trade balance surplus was 10.7 billion euros whereas it was 11.9 billion euros in August 2020.

The calendar and seasonally adjusted surplus was 13.0 billion euros.

Germany exported 55.7 billion euros of goods to EU member states in August, and imported 47.0 billion euros of goods from same countries. Exports to EU countries increased by 15.7% YoY while imports from those countries increased by 11.2%. 37.8 billion euros (+16.9%) of goods were exported to euro area countries, while 32.4 billion euros (+13.5%) of goods were imported from those countries. 17.9 billion euros (+13.2%) were exported to non-euro area EU countries, while goods imported from these countries were 14.6 billion euros (+6.3%).

Goods exports to countries outside the EU were 48.8 billion euros, while imports from those countries were 46.8 billion euros, with exports increasing by 13.1% YoY and imports by 25.9%.

Exports to the UK fell by 15.1% YoY to 4.8 billion euros, whereas German imports from the UK decreased by 7.9% to 2.3 billion euros.

Exports to the People's Republic of China increased by 4.4% YoY to 7.6 billion euros. Exports to the US increased by 22.4% to 9.4 billion euros.

Most imports to Germany came from The People's Republic of China, with 11.4 billion euros of goods imported from there (+20.4% YoY). Imports from the US increased by 12.3% to 6.3 billion euros.