FX.co ★ Germany Current Account Surplus Narrows Sharply in August

Germany experienced a decline in its current account surplus, which fell to €8.3 billion in August 2025, down from €15.4 billion in the same month the previous year, largely due to a weaker export performance. The surplus in goods decreased to €10.6 billion from €17.2 billion, with exports dropping by 5.8% to €99.2 billion, while imports saw a modest increase of 0.6% to reach €88.6 billion. The surplus in primary income slightly decreased to €13.8 billion from €14.0 billion. Meanwhile, the secondary income deficit widened, expanding to €5.9 billion from €5.1 billion. Offering a degree of offset, the services deficit saw a slight reduction, narrowing to €10.2 billion from €10.7 billion. Cumulatively, over the initial eight months of 2025, the current account surplus stood at €134.6 billion, marking a decline from €178.5 billion during the same period in the prior year.