COUNTRY'S NEWS

Germany Market Report – August 2025

Posted on by content02.vinahugo
05
Oct

The Vietnam Trade Office in Germany has released the Germany Market Report – August 2025, providing an overview of Germany’s foreign trade, industrial production, and bilateral trade with Vietnam.

1. Germany’s Foreign Trade in June 2025

Exports: €130.5 billion

  • ↑ 0.8% month-on-month

  • ↑ 2.4% year-on-year

Imports: €115.6 billion

  • ↑ 4.2% month-on-month

  • ↑ 7.9% year-on-year

Trade balance: +€14.9 billion (seasonally adjusted).

Exports to EU countries reached €73 billion, while imports totaled €59.6 billion. Exports to non-EU countries stood at €57.5 billion and imports at €56 billion.

  • Exports to the United States fell by 2.1% to €11.8 billion – the third consecutive decline and the lowest since February 2022.

  • Exports to China increased by 1.1% to €6.9 billion.

  • Imports from China reached €14.6 billion (+5.8%), while imports from the U.S. surged 19.8% to €8.8 billion.

2. Import and Export Prices – June 2025

Import prices:

  • ↓ 1.4% year-on-year

  • Energy prices ↓ 13.6% y/y

  • Consumer goods ↑ 2.1% y/y (coffee +36.1%, beef +33.5%, cocoa/chocolate +29.9%, orange juice +29.0%).

Export prices:

  • ↑ 0.7% year-on-year

  • Consumer goods ↑ 1.7% y/y; particularly roasted or decaffeinated coffee exports ↑ 47.5% y/y.

  • Energy exports ↓ 7.1% y/y but ↑ 1.5% m/m due to higher gas prices.

3. Consumer Price Index (CPI) – July 2025

  • +2.0% y/y (lowest since October 2024)

  • Energy prices ↓ 3.4% y/y

  • Food prices ↑ 2.2% y/y (fruits +7.6%, sweets +5.6%, dairy +4.1%).

  • Sharp declines in sugar (-29.4%) and potatoes (-16.1%).

4. Industrial Production – June 2025

  • ↓ 1.9% month-on-month

  • ↓ 3.6% year-on-year

Industrial output reached its lowest since May 2020, mainly due to declines in machinery (-5.3%), pharmaceuticals (-11%), and food processing (-6.3%), while energy production rose 3.1%.

5. Bilateral Trade Between Vietnam and Germany

According to Destatis, in May 2025, Vietnam–Germany trade turnover reached over USD 2.04 billion, up 36% year-on-year.

  • Germany’s exports to Vietnam: USD 260 million (+2.4%)

  • Imports from Vietnam: USD 1.78 billion (+42.6%)

For the first five months of 2025, total bilateral trade hit USD 9.72 billion, up 22% year-on-year.
By the end of July 2025, trade between Vietnam and Germany reached USD 7.76 billion (+15.4%), with:

  • Vietnam’s exports: USD 5.5 billion (+19.6%)

  • Vietnam’s imports: USD 2.26 billion (+6.4%)

Vietnam’s Exports to Germany

Strong growth was recorded in agricultural and aquatic products and manufactured goods:

  • Agricultural & aquaculture products: USD 1.25 billion (+69.2%)

    • Coffee: USD 870.7 million (+101.9%)

    • Seafood: USD 121 million (+10.3%)

    • Cashew nuts: USD 106.7 million (+37%)

    • Pepper: USD 82 million (+43.3%)

    • Fruits & vegetables: USD 47 million (+25%)

  • Manufactured goods: USD 3.74 billion (+8.5%)

    • Electronics & components: USD 647 million (+23%)

    • Machinery & equipment: USD 815 million (+11.4%)

    • Textiles: USD 532.9 million (+20.9%)

    • Footwear: USD 437.8 million (+1.4%)

Vietnam’s Imports from Germany

Vietnam’s imports from Germany also increased, mainly in high-tech and industrial inputs:

  • Machinery & equipment: USD 834 million (+12.2%)

  • Pharmaceuticals: USD 254 million (+29.8%)

  • Chemicals: USD 177.9 million (-34%)

  • Electronics & components: USD 108.3 million (+27.2%)