FX.co ★ German Imports Slide 5.7% in July, Reversing June’s Strong Gain

Germany’s import activity swung sharply lower in July 2026, with the indicator falling to -5.7% month-over-month, according to data updated on 8 September 2026. The downturn marks a stark reversal from June 2026, when imports had risen by 4.4% compared with the previous month.

On a month-over-month basis, the latest figure reflects a significant loss of momentum in inbound trade: while June showed solid import growth relative to May, July’s reading indicates a contraction in imported goods versus June. The shift from robust expansion to a notable decline underscores increased volatility in Germany’s external demand dynamics over the summer period.