In August 2023, German exports were down 1.2% and imports dropped 0.4% on a calendar and seasonally adjusted basis compared with July 2023. Based on provisional data, the Federal Statistical Office (Destatis) also reports that exports decreased by 5.8% from August 2022 and imports fell by 16.8%.After calendar and seasonal adjustment, Germany exported goods to the total value of 127.9 billion euros and imported goods to the value of 111.4 billion euros in August 2023. The foreign trade balance showed a surplus of 16.6 billion euros in August 2023. The calendar and seasonally adjusted surplus stood at 17.7 billion ... (full story)