German exports to US plummet, but Europe provides a boost

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German exporters lose ground competitiveness in global markets, says Bundesbank Investing.com -- German exporters have lost significant ground in global markets since 2021, primarily due to deteriorating competitiveness, according to a Bundesbank monthly report released Monday. The report revealed that more than three-quarters of Germany’s export market share losses between 2021 and 2023 stemmed from worsening supply-side conditions that made domestic exporters less competitive internationally. The decline was widespread across sectors and relatively severe compared to international standards, indicating deep-rooted structural challenges for Europe’s largest economy. Several industries were particularly affected, including mechanical engineering, electrical equipment, and energy-intensive sectors like chemicals. Rising energy prices and persistent supply chain disruptions also contributed significantly to the challenges faced by German exporters during the 2021-2023 period examined in the report. The Bundesbank called for urgent reforms to improve Germany’s business climate. Recommended measures include boosting work incentives, reducing barriers for skilled migrants, cutting bureaucratic red tape, and enhancing tax breaks for private investment. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

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German exports fall more than expected in May By Maria Martinez (Reuters) -German exports fell more than expected in May as demand from the United States decreased for the second consecutive month following a period of strong purchases in anticipation of U.S. tariffs, official data showed on Tuesday. Exports fell by 1.4% in May compared with the previous month, data from the federal statistics office showed on Tuesday. The result compared with a 0.2% decrease forecast in a Reuters poll. Imports dropped by 3.8% on the month, the statistics office said. The foreign trade balance showed a surplus of 18.4 billion euros ($21.60 billion) in May, up from 15.7 billion euros in April. Exports to EU countries dropped by 2.2% on the month. "A recovery in this economic region is the basic prerequisite for our exporters to regain their footing," Cyrus de la Rubia, chief economist at Hamburg Commercial Bank, said. Exports of goods to countries outside the EU declined by 0.3% on the month. Exports to the United States decreased by 7.7% compared with April, while exports to China fell by 2.9%. U.S. President Donald Trump has set a July 9 deadline for the 27-bloc European Union and other trading partners to reach trade deals and avert steep tariffs. The EU still aims to reach a trade deal by Wednesday after European Commission President Ursula von der Leyen and Trump had a "good exchange," a commission spokesperson said. ($1 = 0.8519 euros) With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

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