Germany reaches lowest point of exports to US in three years
(MENAFN) Germany’s exports to the United States dropped sharply in May, reaching their lowest point in over three years, as uncertainty surrounding upcoming U.S. tariffs continued to weigh heavily on trade, according to newly released official data.
Figures from the Federal Statistical Office revealed that German exports to the U.S. declined by 13.8% compared to May 2024. Month-on-month, exports fell by 7.7%, hitting levels not seen since March 2022.
Despite the United States remaining Germany’s top export destination, its share has steadily declined amid heightened trade friction. Imports from the U.S. also saw a significant dip, falling 10.7% from April, signaling a broader slowdown in trade between the two countries.
The trade slump comes just ahead of a looming August 1 deadline for potential retaliatory tariffs from Washington. Initially planned for July 9, the U.S. had announced new "reciprocal tariffs" targeting imports from the European Union, but delayed their enforcement by three weeks.
With the pause nearing its expiry, businesses on both sides of the Atlantic are bracing for further disruption in trade relations.
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