The Japan Times - German exports to US plunge as tariffs exact heavy cost

EUR -
AED 4.073403
AFN 72.095399
ALL 90.759823
AMD 405.022533
ANG 1.985165
AOA 1018.212205
ARS 1713.072879
AUD 1.624435
AWG 1.996495
AZN 1.898524
BAM 1.954767
BBD 2.2584
BDT 139.786147
BGN 1.938631
BHD 0.423017
BIF 3354.345358
BMD 1.109164
BND 1.433478
BOB 13.298473
BRL 6.196565
BSD 1.121304
BTN 105.378826
BWP 15.38319
BYN 3.357329
BYR 21739.61442
BZD 2.255112
CAD 1.580631
CDF 2567.715032
CHF 0.922885
CLF 0.027772
CLP 1092.836776
CNY 7.398512
CNH 7.395506
COP 3649.26048
CRC 507.180057
CUC 1.109164
CUP 26.908783
CVE 110.216707
CZK 24.367945
DJF 199.67161
DKK 7.475344
DOP 68.010507
DZD 151.746852
EGP 59.275052
ERN 16.63746
ETB 182.503456
FJD 2.517469
FKP 0.835235
GBP 0.835849
GEL 2.882288
GGP 0.835235
GHS 13.130543
GIP 0.835235
GMD 82.077594
GNF 9933.692165
GTQ 8.568246
GYD 234.962343
HKD 8.700887
HNL 30.140929
HRK 7.507942
HTG 146.976262
HUF 364.370338
IDR 20243.185808
ILS 3.529083
IMP 0.835235
INR 104.263527
IQD 1699.702005
IRR 2114149.772786
ISK 136.61538
JEP 0.835235
JMD 177.962023
JOD 0.786376
JPY 177.040357
KES 144.180384
KGS 96.995174
KHR 4573.01687
KMF 490.250259
KPW 998.247558
KRW 1478.005179
KWD 0.345205
KYD 0.934306
KZT 500.565539
LAK 25239.282309
LBP 100411.502998
LKR 372.648398
LRD 190.616478
LSL 18.382894
LTL 3.275073
LVL 0.670922
LYD 7.187818
MAD 10.938154
MDL 20.149444
MGA 5073.753977
MKD 61.531076
MMK 2328.938724
MNT 3998.429475
MOP 9.059114
MRU 45.233384
MUR 52.529757
MVR 17.078874
MWK 1944.33929
MXN 20.678179
MYR 4.524948
MZN 70.873386
NAD 18.380989
NGN 1494.221886
NIO 41.262106
NOK 10.592306
NPR 168.606882
NZD 1.99355
OMR 0.42647
PAB 1.121334
PEN 3.821081
PGK 5.035816
PHP 70.64818
PKR 307.875111
PLN 4.403348
PYG 6921.935833
QAR 4.087409
RON 5.345841
RSD 117.603542
RUB 91.976549
RWF 1658.973093
SAR 4.184003
SBD 8.973966
SCR 15.362917
SDG 667.210175
SEK 11.047468
SGD 1.425442
SHP 0.831115
SLE 25.403889
SLL 23258.619397
SOS 640.819214
SRD 41.755618
STD 22957.455427
STN 24.48938
SVC 9.810817
SYP 14421.349991
SZL 18.38786
THB 37.467293
TJS 10.304685
TMT 3.882074
TND 3.341836
TOP 2.6706
TRY 55.743917
TTD 7.603983
TWD 36.562591
TZS 2948.482865
UAH 50.999624
UGX 4575.098464
USD 1.109164
UYU 45.37012
UZS 13425.906759
VES 998.791644
VND 28482.776964
VUV 133.037413
WST 3.092126
XAF 655.957
XAG 0.021754
XAU 0.000281061796
XCD 2.997571
XCG 2.020632
XDR 0.784236
XOF 655.957
XPF 119.331742
YER 262.318412
ZAR 18.476376
ZMK 9983.800502
ZMW 22.84599
ZWL 357.150356
SSP 6418.203573
MXV 2.322786
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

German exports to US plunge as tariffs exact heavy cost
German exports to US plunge as tariffs exact heavy cost / Photo: Tobias Schwarz - AFP

German exports to US plunge as tariffs exact heavy cost

German exports to the United States plunged in 2025 amid President Donald Trump's tariff blitz, driving down the trade surplus of Europe's top economy with the crucial US market to a four-year low, data showed Friday.

Text size:

Exports to China also fell, but total exports rebounded by around one percent following two years of contraction, as stronger trade with Europe offset falling shipments to the world's two biggest economies, statistics agency Destatis said.

The overall picture for Germany's foreign trade remains bleak, experts warn, at a time the traditional export power is struggling after a long decline driven by a manufacturing slump, high energy costs and weak demand at home and abroad.

German exports to the United States fell 9.3 percent last year compared to 2024, and totalled around 147 billion euros ($173 billion), while US imports to Germany rose slightly.

The trade surplus with the United States was 52.2 billion euros, its lowest level since 2021, after a record surplus the previous year of nearly 70 billion euros.

"Higher US tariffs are making German goods less competitive on the US market," Commerzbank economist Ralph Solveen told AFP.

As a result, China returned as Germany's biggest trading partner last year, overtaking the US, according to the preliminary data.

Europe was in Trump's crosshairs when he launched his tariff onslaught as it runs a hefty trade surplus with the United States, much of it due to German exports.

Under a deal struck in July, EU exports to the United States face a baseline levy of 15 percent -- far higher than before Trump's return to office.

It was a heavy blow for Germany, whose firms, from well-known automakers and machinery giants to smaller, family-owned companies, have long relied on robust trade with the United States.

According to data released previously by Destatis, exports of German cars and car parts to the United States dropped 17.5 percent between January and November from a year earlier.

Exports of machinery were down nine percent and shipments of chemical products fell over 14 percent in the same period.

- China challenge -

German businesses have struggled in the Chinese market due to the emergence of homegrown rivals and weak consumer demand -- German exports to China were down 9.3 percent last year.

But Chinese exports to Germany jumped nine percent, as firms are increasingly redirecting goods to European markets due to Trump hiking tariffs on Chinese imports.

German exports to other EU countries rose around four percent last year, driving the slight improvement in the overall figure.

Germany's trade surplus narrowed to 200.4 billion euros in 2025, a reduction of around 40 billion euros from a year earlier.

In other news Friday, German factory output dropped 1.9 percent in December from the previous month, according to Destatis, sharper than forecasts and a disappointment after three months of gains.

But ING economist Carsten Brzeski said the drop was "only a temporary halt and not a new downward trend".

"In fact, German industry is at the start of a clear cyclical upswing," he said.

The German government expects the economy will grow one percent this year after several bleak years, and other recent data -- from industrial orders to quarterly growth -- have painted a rosier picture.

Chancellor Friedrich Merz, who is pushing a major fiscal stimulus and reform drive, struck an optimistic tone Friday.

Recent signs of a turnaround "encourage and embolden me to continue on this path of reforms and of changing the conditions for investment and for jobs in Germany" Merz said during a visit to Abu Dhabi.

"We are still far from where we want to be, but we are on the right path."

S.Yamamoto--JT