The Vietnam Trade Office in Germany has published the Germany Market Bulletin – April 2025, providing the latest updates on Germany’s foreign trade, import–export prices, inflation, industrial output, and bilateral trade performance between Vietnam and Germany.
Germany’s Foreign Trade – February 2025
Table of Contents
Exports (calendar and seasonally adjusted):
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€131.6 billion
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+1.8% month-on-month
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+0.1% year-on-year
Imports (calendar and seasonally adjusted):
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€113.8 billion
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+0.7% month-on-month
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+4.6% year-on-year
Trade balance: +€17.7 billion
Germany’s exports to EU countries totaled €70.2 billion in February 2025, while imports from the EU amounted to €58.6 billion. Compared to January 2025, exports to the EU rose 0.5%, and imports increased 2.3%.
Exports to non-EU countries reached €61.4 billion, and imports from these countries were €55.2 billion — a 3.2% increase in exports and a 1% decline in imports.
Key destinations:
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United States: exports rose 8.5% to €14.2 billion.
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China: exports up 0.6% to €6.8 billion.
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United Kingdom: exports down 3.8% to €6.5 billion.
Key suppliers:
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China: imports reached €13.7 billion (+7.1%).
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U.S.: imports €7.6 billion (−3.9%).
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U.K.: imports €3.5 billion (−5.2%).
Import Prices – February 2025
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+3.6% year-on-year
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+0.3% month-on-month
Consumer goods imports rose 4.5% year-on-year, with non-durable goods up 5.2% and durable goods up 2.1%.
Significant price increases were recorded for:
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Cocoa, chocolate, sugar confectionery: +61.7%
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Orange juice: +40.1%
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Apple juice: +33.6%
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Poultry: +27.2%
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Beef: +20.7%
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Dairy products: +13.7%
Agricultural imports: +13.7% year-on-year (−0.4% month-on-month).
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Raw cocoa: +76.4% y/y, −7.0% m/m
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Green coffee: +69.8% y/y, +2.0% m/m
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Onions: −39.3% y/y
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Live pigs: −27.1% y/y
Energy imports: +9.8% year-on-year (+0.7% month-on-month).
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Electricity: +111.7% y/y, +13.7% m/m
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Natural gas: +40.5% y/y, +4.2% m/m
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Coal: −17.4% y/y
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Petroleum products: −6.8% y/y
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Crude oil: −6.1% y/y
Intermediate goods: +2.9% y/y (+0.5% m/m)
Capital goods: +0.5% y/y (unchanged m/m)
Export Prices – February 2025
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+2.5% year-on-year
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+0.3% month-on-month
Intermediate goods rose 1.9% y/y, capital goods 1.5% y/y.
Price increases were notable in:
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Non-ferrous metals: +13.6%
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Precious metals: +39.5%
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Unprocessed aluminum: +21.5%
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Unprocessed copper: +16.3%
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Motor vehicles & engines: +26%
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Machinery: +1.9%
Consumer goods: +2.8% y/y (+0.2% m/m)
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Durable goods: +1.3% y/y
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Non-durable goods: +3.2% y/y
Strong export price growth was observed for:
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Cocoa, chocolate, sugar confectionery: +40.6%
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Cocoa butter, fats, and powders: +95.5%
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Coffee (roasted/decaffeinated): +40.2%
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Butter and dairy products: +35.7%
Agricultural exports: +9.1% y/y (+2.1% m/m)
Energy exports: +17.1% y/y (+3.3% m/m)
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Natural gas: +35.0% y/y, +4.9% m/m
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Petroleum products: −7.5% y/y, −0.8% m/m
Consumer Price Index (CPI) – March 2025
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+2.2% year-on-year
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+0.3% month-on-month
Germany’s inflation rate stood at 2.2% in March 2025, similar to 2.3% in February and January 2025.
Food prices rose, while energy prices fell slightly. Overall consumer prices increased 0.3% month-on-month.
Industrial Production – February 2025
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−1.3% month-on-month (seasonally adjusted)
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−4.0% year-on-year
Negative trends were seen in:
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Construction: −3.2%
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Food industry: −5.3%
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Energy production: −3.3%
However, electrical equipment production rose +3.3%, providing some offset.
(Source: Statistisches Bundesamt – Federal Statistical Office of Germany)
Bilateral Trade Between Vietnam and Germany
According to Destatis (Germany’s Federal Statistical Office):
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Total trade (Jan 2025): USD 1.835 billion
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German exports to Vietnam: USD 234.52 million (−10.4%)
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German imports from Vietnam: USD 1.6 billion (+19.9%)
According to Vietnam Customs (as of March 2025):
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Total trade: USD 3.32 billion (+23.02% y/y)
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Vietnam’s exports to Germany: USD 2.44 billion (+28.51%)
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Vietnam’s imports from Germany: USD 875.9 million (+9.92%)
Vietnam’s Export Highlights
Agricultural & Aquatic Products:
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Total: USD 613.93 million (+80.22%)
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Coffee: USD 474.65 million (+106.99%)
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Seafood: USD 49 million (+26.39%)
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Cashew nuts: USD 32.87 million (+12.63%)
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Pepper: USD 32.29 million (+83.79%)
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Fruits & vegetables: USD 17.8 million (+19.13%)
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Manufactured & Processed Goods:
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Total: USD 1.608 billion (+15.38%)
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Computers & electronics: USD 309.3 million (+64.2%)
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Machinery & spare parts: USD 338.88 million (+15.5%)
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Textiles & garments: USD 175.7 million (+21.11%)
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Footwear: USD 176.77 million (+0.95%)
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Vietnam’s Imports from Germany
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Total: USD 770.48 million (+12.54%)
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Pharmaceuticals: USD 108.69 million (+47.86%)
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Plastic materials: USD 16.98 million (+6.84%)
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Auto parts: USD 15.68 million (+35.47%)
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Machinery & equipment: USD 327.47 million (+16.65%)
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