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Germany's trade and investment data for the first half of 2024 were released intensively.

On the 19th local time, the German Federal Statistical Office released Germany's trade data for the first half of 2024, showing that Germany's total imports and exports have declined. Among them, Germany's exports in the first half of the year were 801.7 billion euros, a year-on-year decrease of 1.6%. The United States is still the largest buyer of German products; Germany's imports in the first half of the year were 662.8 billion euros, a year-on-year decrease of 6.2%. China is the largest export country to Germany.

In terms of export categories, although the export volume has declined, automobiles are still Germany's largest export product.

At the same time, in terms of investment data, data recently released by the German Central Bank showed that Germany's direct investment (FDI) in China was 2.48 billion euros in the first quarter of this year, 4.8 billion euros in the second quarter, and the total amount in the first half of this year reached nearly 7.3 billion euros.

On the one hand, there are voices of so-called "de-risking" in Germany, but actual investment data shows an increase in German direct investment in China. Some reports say that these investments are mainly driven by large German automakers. In this regard, Shi Shiwei, a visiting researcher at the Institute of Modern China at the Free University of Berlin, told the First Financial reporter that it is impossible for German automakers to give up investment in the Chinese market, and their strategy is to increase investment in China, strengthen investment in the industrial chain and even the entire industrial chain.

Both imports and exports fell slightly

Overall, Germany's imports and exports delivered a satisfactory report card, with an export surplus of 138.8 billion euros in the first half of the year. However, looking at the details, the import and export volume of its "key products" has declined.