Michael Hüther: Die Exportzahlen erklären, wo die deutsche Wirtschaft ihre Zukunft sieht
Das Derisking hat bei den deutschen Unternehmen begonnen. Teilweise als Reaktion auf den schwieriger werdenden Markt Chinas, teilweise als Antwort auf die US-Zollpolitik. Ein Gastbeitrag.
In June 2026, German export figures proved unexpectedly strong, reaching a record high of over 139 billion euros in total exports. While Germany's economy is far from recovering, the industrial sector showed a slight improvement in production output. However, the regional breakdown of German exports offers valuable insights for policymakers.
Although the United States remained the top export destination, exports to China declined by 0.3 percent compared to May, while exports to the European Union increased by 1.3 percent and exports to the United Kingdom rose by 7.7 percent.
German businesses are beginning to take a more cautious approach, partly in response to the increasingly challenging market conditions in China and partly due to changes in US trade policy. During the first six months of 2026, German companies invested only about 4.3 billion euros back into the United States, a 65 percent decrease compared to 2025 and an 80 percent decrease compared to 2024.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
