COUNTRY'S NEWS

Germany Market Bulletin – May 2025

Posted on by content02.vinahugo
07
Oct

The Vietnam Trade Office in Germany has released the Germany Market Bulletin – May 2025 Edition, providing key updates on Germany’s foreign trade, import–export prices, inflation, industrial output, and Vietnam–Germany bilateral trade performance.

Germany’s Foreign Trade – March 2025

Exports (calendar and seasonally adjusted):

  • €133.2 billion

  • +1.1% compared with February 2025

  • +2.3% compared with March 2024

Imports (calendar and seasonally adjusted):

  • €112.1 billion

  • −1.4% compared with February 2025

  • +2.3% compared with March 2024

Trade balance: +€21.1 billion

Germany’s exports to EU countries reached €72.3 billion in March 2025, while imports from the EU totaled €56.9 billion. Compared with February 2025, exports to the EU rose 3.1%, whereas imports fell 3.5%.

Exports to non-EU countries stood at €60.9 billion, and imports at €55.2 billion. Compared with the previous month, exports fell 1.1% and imports increased 0.8%.

  • Exports to the U.S. rose 2.4% to €14.6 billion.

  • Exports to China surged 10.2% to €7.5 billion.

  • Exports to the U.K. dropped 2.8% to €6.4 billion.

On the import side:

  • Imports from China totaled €14.7 billion (+9.6%).

  • Imports from the U.S. were €8.1 billion (+7.9%).

  • Imports from the U.K. fell 5.8% to €3.2 billion.

Import Prices – March 2025

  • +2.1% year-on-year

  • −1.0% month-on-month

Consumer goods imports rose 3.6% year-on-year, driving overall import price growth.

  • Non-durable goods: +4.2%

  • Durable goods: +1.0%

Food import prices jumped 9.8% from March 2024, led by:

  • Orange juice (+52.6%)

  • Cocoa, chocolate, and sugar confectionery (+39.8%)

  • Apple juice (+37.2%)

  • Poultry (+25.9%)

  • Beef (+24.9%)

  • Dairy products (+12.9%)

  • Cocoa butter, fats, and oils (+62.7%)

Agricultural imports were 12.3% more expensive than a year earlier (+1.6% month-on-month).

  • Green coffee: +69.8% year-on-year, +3.6% month-on-month

  • Raw cocoa: +61.0% year-on-year

  • Poultry and eggs: +12.2%

  • Onions: −27.2% year-on-year, but +13.2% month-on-month

  • Live pigs: −25.4% year-on-year, but +9.6% month-on-month

Energy import prices increased 2.4% year-on-year but fell 6.6% from February 2025.

  • Electricity: +46.5% y/y, −26.7% m/m

  • Natural gas: +34.6% y/y, −5.6% m/m

  • Coal: −20.7% y/y

  • Crude oil: −12.8% y/y

  • Petroleum products: −12.5% y/y

Export Prices – March 2025

  • +2.0% year-on-year

  • −0.4% month-on-month

  • Intermediate goods: +1.6% y/y (−0.1% m/m)

  • Capital goods: +1.3% y/y (−0.3% m/m)

  • Consumer goods: +2.5% y/y (+0.1% m/m)

Particularly notable:

  • Export coffee (roasted or decaffeinated): +53.1% y/y

  • Butter and dairy: +27.0%

  • Cocoa and confectionery: +24.2%

  • Cocoa powder and butter: +29.1%

Agricultural export prices rose 6.4% y/y, while energy exports were 13.2% higher year-on-year but 7.5% lower month-on-month.

  • Natural gas exports: +49.3% y/y

  • Petroleum products: −12.3% y/y

Consumer Price Index (CPI) – April 2025

  • +2.1% y/y

  • +0.4% m/m

Germany’s inflation rate stood at 2.1% in April 2025. Core inflation (excluding food and energy) was estimated at 2.9%.

Industrial Production – March 2025

  • +1.3% m/m (seasonally adjusted)

  • −0.2% y/y

Key drivers of industrial growth:

  • Automotive sector: +8.1%

  • Pharmaceuticals: +19.6%

  • Machinery and equipment: +4.4%

(Source: Statistisches Bundesamt – Federal Statistical Office of Germany)

Bilateral Trade Between Vietnam and Germany

According to Destatis (Federal Statistical Office of Germany):

  • Total trade (Feb 2025): USD 1.76 billion

  • German exports to Vietnam: USD 212.68 million (−5.8%)

  • German imports from Vietnam: USD 1.45 billion (+7.6%)

Cumulative (Jan–Feb 2025):

  • Total trade: USD 3.59 billion (+9.4% y/y)

  • German exports to Vietnam: USD 547.21 million (−7.5%)

  • Vietnamese exports to Germany: USD 3.04 billion (+13.1%)

According to Vietnam Customs, by April 2025:

  • Total trade: USD 4.495 billion (+23.3%)

  • Vietnam exports: USD 3.289 billion (+27.84%)

  • Vietnam imports: USD 1.2 billion (+12.41%)

Vietnam’s Export Highlights

Agricultural and Aquatic Products:

  • Total: USD 823.73 million (+74.03%)

    • Coffee: USD 628.12 million (+97.62%)

    • Seafood: USD 64.45 million (+11%)

    • Cashew nuts: USD 47 million (+22.68%)

    • Pepper: USD 49.33 million (+88.05%)

    • Fruits & vegetables: USD 25.43 million (+28.11%)

Manufactured Goods:

  • Total: USD 2.17 billion (+16.23%)

    • Computers, electronics, components: USD 403.28 million (+56.45%)

    • Machinery & spare parts: USD 470.67 million (+17.37%)

    • Textiles & garments: USD 263.27 million (+30.76%)

    • Footwear: USD 259.13 million (+7.37%)

Vietnam’s Imports from Germany

  • Total: USD 1.05 billion (+15.10%)

    • Machinery, tools, spare parts: USD 436.43 million (+14.01%)

    • Pharmaceuticals: USD 145.49 million (+39.81%)

    • Chemicals: USD 110.65 million (−6.9%)

    • Electronics & components: USD 56.25 million (+16.9%)

    • Chemical products: USD 82.6 million (+9.44%)