Germany intermediate imports, rest of world, adjusted
Germany intermediate imports, rest of world, adjusted stood at 38.54 EUR billion in Jul 2026, according to Deutsche Bundesbank. It is one of the indicators in the Imports by country table (Value · Monthly), with a complete series running from Jan 2008 to Jul 2026. The complete series with an interactive chart, free to download.
This indicator in the Imports by country table
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| By product group | |||||||||||
| German foreign trade: imports, At current prices, flows, Intermediate products, Rest of the World, calendar and seasonally adjusted | 38.54 | 40.4 | 38.38 | 38.69 | 39.63 | 38.44 | 36.85 | 37 | 36.42 | 35.39 | |
| German foreign trade: imports, At current prices, flows, Capital goods, Rest of the World, calendar and seasonally adjusted | 37.28 | 38.41 | 36.05 | 37.69 | 36.53 | 35.77 | 35.06 | 35.29 | 33.42 | 34.29 |
Understanding germany intermediate imports, rest of world, adjusted
Supply chain inputs requiring further domestic processing are grouped together in this functional stage-of-production aggregate. Calculated in EUR billion at current prices, it sweeps up goods that domestic factories require to manufacture final products, excluding both raw unextracted commodities and retail-ready finished items. This functional classification cuts across standard industry lines, grouping intermediate chemicals, electronics, and metals together solely based on their role in the middle of the manufacturing supply chain.
Month-on-month analysis is the optimal approach for this adjusted series, as statistical smoothing removes the calendar noise to reveal the true underlying pulse of domestic industrial demand. Observers often treat this specific metric as a leading indicator, since factories adjust their intermediate purchases ahead of expected changes in future output. The nominal valuation remains a significant pitfall; severe volatility in global wholesale prices for semi-finished metals or chemical precursors can generate massive financial distortions in this aggregate without any real expansion in physical factory throughput.
Frequently asked questions
- Are finished consumer products included in this specific aggregate?
- No, the series strictly filters out retail-ready items, capturing only goods that require further industrial processing.
- Can this metric serve as an early signal for future domestic manufacturing activity?
- Because it tracks the components factories buy to build future products, analysts frequently use it to gauge upcoming industrial momentum.
- Should I compare the current month directly to the previous one?
- Standard seasonal distortions are removed through mathematical adjustments, making sequential monthly analysis the most accurate method.