The Vietnam Trade Office in Germany releases the Germany Market Report – June 2025, providing updated insights on Germany’s foreign trade, import-export trends, inflation, industrial production, and bilateral trade between Vietnam and Germany.
1. Germany’s Foreign Trade Situation – April 2025
Table of Contents
Exports (seasonally and calendar-adjusted):
€131.1 billion
-1.7% compared to the previous month
-2.1% compared to the same month last year
Imports (seasonally and calendar-adjusted):
€116.5 billion
+3.9% compared to the previous month
+3.8% compared to the same month last year
Trade Balance (seasonally adjusted): +€14.6 billion
Germany’s exports to the EU reached €72.9 billion in April 2025, while imports from the EU totaled €59.8 billion. Compared to March 2025, exports to EU countries rose by 0.9%, and imports increased by 4.5%.
Exports to non-EU countries stood at €58.1 billion, while imports totaled €56.7 billion, representing a 4.8% decrease in exports and a 3.4% increase in imports.
Exports to the United States fell by 10.5% to €13 billion (the lowest since October 2024). Exports to China decreased by 5.9% to €7 billion, and exports to the United Kingdom declined by 2.1% to €6.3 billion.
Imports from China were valued at €13.9 billion, down 4.1% from March, while imports from the United Statesincreased 3.9% to €8.4 billion. Imports from the United Kingdom dropped 8.1% to €3 billion.
2. Import and Export Prices – April 2025
Import Prices:
-0.4% year-on-year
-1.7% month-on-month
Energy import prices fell by 11.2% compared to April 2024, contributing significantly to the overall decline. In contrast, electricity import prices rose 25.9%, and natural gas import prices increased 12.7%.
Agricultural product import prices were 6.7% higher than the same period last year, with green coffee prices soaring 53.1% year-on-year (+0.8% month-on-month). Poultry and egg prices increased 9.5% year-on-year but fell 5.2% compared to March 2025.
Export Prices:
+1.0% year-on-year
-0.5% month-on-month
Export prices of consumer goods rose 2.1% compared to April 2024. Particularly, roasted and decaffeinated coffee export prices surged 52.9% year-on-year, while butter and dairy products were 26.7% higher.
3. Consumer Price Index (CPI) – May 2025
+2.1% compared to May 2024
+0.1% compared to April 2025
Germany’s inflation rate remained stable at 2.1%, mainly due to continued declines in energy prices.
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Energy products: -4.6% YoY
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Motor fuel: -6.8%
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Household energy: -3.0%
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Food prices: +2.8% YoY (notably fruit +7.4%, sugar & confectionery +6.6%)
4. Industrial Production – April 2025
-1.4% compared to the previous month (seasonally adjusted)
-1.8% year-on-year
The decline was driven by reduced output in pharmaceuticals (-17.7%) and machinery (-2.4%), while construction (+1.4%) and food manufacturing (+5.7%) showed positive performance trends.
Source: Federal Statistical Office of Germany (Destatis)
5. Bilateral Trade Between Vietnam and Germany
According to Destatis, Germany’s trade with Vietnam in March 2025 exceeded USD 2 billion, with:
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Exports from Germany to Vietnam: USD 393.6 million (+30.3%)
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Imports from Vietnam to Germany: USD 1.62 billion (+29.1%)
By the end of March 2025, total bilateral trade reached USD 5.6 billion, up 15.3% YoY.
According to Vietnam Customs, by May 2025, two-way trade reached USD 5.65 billion, up 21.3% YoY, with:
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Vietnam’s exports to Germany: USD 4.08 billion (+27.6%)
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Vietnam’s imports from Germany: USD 1.57 billion (+7.5%)
Vietnam’s Key Export Items
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Agricultural and seafood products: over USD 1 billion (+85%)
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Coffee: USD 765 million (+116%)
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Pepper: USD 63.6 million (+74%)
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Cashew nuts: USD 62.5 million (+27%)
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Seafood: USD 83 million (+6%)
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Fruits & vegetables: USD 35 million (+32%)
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Manufactured goods:
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Electronics & components: USD 475 million (+35%)
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Machinery & equipment: USD 591 million (+19%)
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Textiles: USD 351 million (+26%)
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Footwear: USD 319 million (+5%)
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Vietnam’s Key Imports from Germany
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Machinery & spare parts: USD 574 million (+15%)
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Pharmaceuticals: USD 191 million (+39%)
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Chemicals: USD 140 million (-27%)
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Electronic components: USD 75 million (+24%)
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Chemical products: USD 104 million (+5%)