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German exports dipped in August, hurt by U.S. tariffs, but trade surplus grew due to steeper import declines.
German exports fell 0.5% in August, missing forecasts, due to a 2.5% drop in shipments to the U.S., which declined for the fifth straight month and hit their lowest level since November 2021, largely due to new U.S. tariffs.
Exports to non-EU nations rose 2.2%, led by a 5.4% increase to China, while imports dropped 1.3%.
The trade surplus widened to €17.2 billion, driven by steeper import declines.
Analysts cite ongoing trade tensions, a strong euro, and domestic factors like lower interest rates as key influences on Germany’s export performance.
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Las exportaciones alemanas cayeron en agosto, afectadas por los aranceles estadounidenses, pero el superávit comercial creció debido a una disminución más pronunciada de las importaciones.