German foreign trade figures: May 2026 exports and imports
Why it matters
German trade figures are an early stress signal for European industrial demand, China exposure, U.S. tariff effects and clean-tech supply-chain shifts.
What to watch
- Exports to the United States and China.
- Imports from China in batteries, solar, electronics and machinery-adjacent categories.
- Whether weak orders or high energy costs are flowing into trade volumes.
- UN Comtrade HS-level detail and IMF partner-country totals as cross-checks against Destatis releases.
Briefing
No consensus forecast has been published; May exports are expected to show month-on-month momentum comparable to April's +0.9% m/m, while import growth will signal whether supply-chain and domestic-demand pressures are easing from April's +1.2% m/m or intensifying further.
Sources
- Destatis foreign trade releases
- UN Comtrade Plus
- IMF International Trade in Goods by partner country, formerly DOTS
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