German companies saw an uptick in their exports in August for the second month in a row, the Federal Statistical Office said on Wednesday, citing preliminary figures.

Exports rose by 1.3% compared to July at 131.9 billion euros ($144.6 billion). Exports were up 0.1% year-on-year.

Meanwhile German imports declined by 3.4% compared to July, at 109.4 billion euros, down 3.1% year-on-year.

The foreign trade balance stood at 22.5 billion euros, after Germany had logged the lowest figure since May 2023 in July, at 16.8 billion euros.

German businesses exported slightly more goods to the US, the country’s most important export destination, in August compared to July.

Exports to the US rose by 5.5%, at 13.5 billion euros, when adjusted for calendar and seasonal effects.

Exports to China also rose slightly month-on-month by 1.9%, at 7.4 billion euros. The highest share of imports, at 13.2 billion euros, also came from China, down 1.4% compared to July.

Source: Qatar News Agency