COUNTRY'S NEWS

Germany Market Bulletin – September 2025

Posted on by content02.vinahugo
05
Oct

The September 2025 Germany Market Bulletin highlights Germany’s trade, inflation, and industrial performance, along with updates on Vietnam–Germany bilateral trade showing strong growth across key sectors.

1. Overview of Germany’s Foreign Trade – July 2025

According to data from the Federal Statistical Office of Germany (Destatis), Germany’s total foreign trade reached €130.2 billion in exports and €115.4 billion in imports in July 2025.

  • Exports: €130.2 billion (↓0.6% MoM, ↑1.4% YoY)

  • Imports: €115.4 billion (↓0.1% MoM, ↑4.3% YoY)

  • Trade surplus: €14.7 billion

Exports to EU countries reached €74.8 billion, while imports from the EU totaled €60.3 billion (↑2.5% and ↑1.1% MoM respectively).
Exports to non-EU countries reached €55.3 billion, while imports totaled €55.1 billion, marking declines of 4.5% and 1.3% respectively.

2. Key Export and Import Partners

  • United States: Exports fell 7.9% MoM to €11.1 billion — the lowest since December 2021, and down 14.1% YoY.

  • China: Exports rose 7.3% to €6.4 billion; imports reached €14.3 billion (↓2.4%).

  • United Kingdom: Exports decreased 3.1% to €7 billion; imports increased 7.8% to €3.2 billion.

3. Import and Export Prices – July 2025

Import Prices

  • Down 1.4% YoY and 0.4% MoM.

  • Energy prices dropped 12.5% YoY, driven by declines in:

    • Crude oil (-22.7%)

    • Coal (-17.9%)

    • Refined petroleum products (-12.9%)

    • Natural gas (-3.2%)

  • Electricity prices surged 30.5% YoY.

  • Consumer goods import prices ↑1.6% YoY, while durable goods ↓1.2%.

Significant price increases included orange juice (+41.6%), coffee (+34.5%), beef (+30.9%), and hazelnuts (+29.4%); meanwhile, sugar (-28.3%) and olive oil (-24.9%) saw sharp declines.

Export Prices

  • Up 0.6% YoY, down 0.2% MoM.

  • Food exports ↑6.3% YoY, particularly coffee exports (+51.7%).

  • Energy exports ↑0.3% YoY (↑3.2% MoM), while crude oil product exports remained 11.3% cheaper YoY.

4. Inflation and Consumer Prices – August 2025

Germany’s Consumer Price Index (CPI) rose 2.2% YoY and 0.1% MoM.

“Inflation increased slightly for the first time this year, mainly due to rising food prices,” noted Ruth Brand, President of Destatis.

  • Energy prices fell 2.4% YoY, showing slower decline than previous months.

  • Food prices increased 2.5% YoY, exceeding overall inflation.

    • Highest increases: fruit (+7.1%), confectionery (+6.9%), dairy (+3.2%), and meat (+2.9%).

    • Decreases: fats and oils (-1.3%), vegetables (-1.1%).

5. Industrial Production – July 2025

Germany’s industrial output rose 1.3% MoM and 1.5% YoY, mainly driven by:

  • Machinery sector: +9.5%

  • Pharmaceuticals: +8.4%

  • Automotive: +2.3%

Energy output declined 4.5%, offsetting some gains.

Overall manufacturing (excluding energy and construction) grew 2.2% MoM, with:

  • Capital goods production ↑3.0%

  • Consumer goods ↑2.1%

  • Intermediate goods ↑0.8%

  • Construction ↑0.3%

6. Vietnam–Germany Bilateral Trade Performance

Overview

Trade between Vietnam and Germany continues to expand strongly in 2025.

  • June 2025: Bilateral trade reached US$2 billion, ↑21% YoY.

    • Germany’s exports to Vietnam: US$279.6 million (+0.9%)

    • Vietnam’s exports to Germany: US$1.72 billion (+25%)

January–June 2025:

  • Total bilateral trade: US$11.7 billion (+22.1% YoY)

    • Germany → Vietnam: US$1.84 billion (+6%)

    • Vietnam → Germany: US$9.87 billion (+26%)

January–August 2025 (Vietnam Customs):

  • Total: US$8.82 billion (+13.8% YoY)

    • Exports: US$6.2 billion (+17.7%)

    • Imports: US$2.61 billion (+5.4%)

7. Key Export Sectors from Vietnam to Germany

Agricultural and Aquatic Products:

  • Coffee: US$901.47 million (+89.7%)

  • Seafood: US$141.36 million (+8.1%)

  • Cashew nuts: US$131.59 million (+38.6%)

  • Pepper: US$91.35 million (+43.4%)

  • Fruits & Vegetables: US$55 million (+31.9%)

Manufactured Goods:

  • Electronics & Components: US$754 million (+18.2%)

  • Machinery & Equipment: US$914.38 million (+8.7%)

  • Textiles: US$599.83 million (+17.5%)

  • Footwear: US$478.54 million (+0.1%)

8. Key Imports from Germany to Vietnam

  • Dairy products: US$61.26 million (+102.1%)

  • Pharmaceuticals: US$278.69 million (+14.7%)

  • Machinery & Equipment: US$966.23 million (+11.2%)

  • Electronics & Components: US$139.62 million (+37.3%)

  • Automobiles: US$21.77 million (+90.9%)

  • Auto parts: US$49.83 million (+48.3%)

Declining categories included chemicals (-34.8%), chemical products (-7.6%), and transport equipment (-7.7%).

9. Conclusion

Germany’s economy in 2025 demonstrates resilience despite inflationary pressures, with positive trends in industrial output and strong trade ties with Vietnam.
Vietnam continues to strengthen its export position, particularly in agriculture, seafood, and electronics, while imports from Germany focus on machinery, pharmaceuticals, and high-tech products — reinforcing the complementary nature of both economies.