FX.co ★ Germany Imports Unexpectedly Drop

Germany’s imports fell by 2.5% month-on-month to a three-month low of €118.8 billion in May 2026, reversing a marginally revised 1.1% rise in April and missing market expectations for a 0.1% increase. Imports from EU member states declined by 2.5%, as a 4.3% drop in purchases from euro-area countries more than offset a 1.6% increase in imports from non-euro-area EU members. Imports from non-EU countries also decreased, down 2.6%, reflecting weaker shipments from China (-2.0%) despite a sharp 11.5% increase in purchases from the U.S. and a 14.5% rise in imports from the United Kingdom. Year-on-year, total imports rose 1.6%, a marked slowdown from April’s 6.1% increase. Over the first five months of 2026, imports were up 3.7% compared with the same period a year earlier, reaching €587.8 billion.