Germany’s exports unexpectedly dropped 2.5% month-on-month to a 13-month low of €128.1 billion in November 2025, missing expectations of being flat. The decline was weighed by lower demand from EU trading partners, where exports fell 4.2%, including decreases of 3.9% to the euro area and 4.8% to non-euro-area countries. Outbound shipments to third countries also dropped 0.2%, including to the US (-4.2%), Germany’s largest export destination, amid the lingering impact of US tariffs, following a 7.8% fall in October. The EU agreed to a trade deal with the US last August, which included a 15% ceiling on most exports. Meanwhile, exports to the UK and Russia fell by 8.1% and 5.5%, respectively. By contrast, exports to China grew by 3.4%. For the first eleven months of 2025, Germany’s total exports reached €1.44 trillion, up 0.9% from the same period in 2024.