Germany’s exports grew 3.6% month-on-month to a three-year high of €135.2 billion in February 2026, following a downwardly revised 1.5% drop in January and exceeding market expectations of a 1% rise. Shipments to EU member states rose 5.8%, with exports to the Eurozone climbing 5.2% and those to non-Eurozone countries advancing 7.4%. Exports to third countries also increased 0.8%, supported by a 4.1% rise in shipments to the UK and a 26.9% jump in exports to Russia. By contrast, exports to the United States, Germany’s largest export market, fell 7.5%, while those to China dropped 2.5%. For the first two months of 2026, outbound shipments rose 1.6% year-on-year to €265.8 billion.