German exports fell 0.8% month on month in July, marking the first decline in six months

German exports fell 0.8% month on month in July 2026 to €138.2 billion, the first monthly decline since January this year. Markets had expected exports to remain unchanged. Exports to EU member states fell 1.6% to €78.0 billion, including a 2.8% drop to euro area countries to €53.9 billion, while exports to non-euro area countries rose 1.1% to €24.1 billion.