Germany’s trade surplus narrowed to €14.5 billion in April 2026 from an upwardly revised €14.7 billion in March, falling short of market expectations of €15.0 billion. It was the smallest trade surplus since November, as imports grew faster than exports. Exports unexpectedly increased by 0.9% month-on-month to a near 3½-year high of €136.6 billion, accelerating from a downwardly revised 0.3% gain in March and easily beating expectations of a 0.3% decline. Shipments to EU member states increased 1.0%, while those to third countries rose 0.7%. Meanwhile, imports climbed 1.2% month-on-month to €122.1 billion, the highest level since November 2022, though easing from a downwardly revised 4.5% increase in March. The increase was driven by purchases from both EU partners (1.8%) and non-EU countries (1.2%). For the first four months of the year, the country recorded a trade surplus of €69.2 billion, with exports and imports advancing 2.1% and 2.8%, respectively. source: Federal Statistical Office

Germany recorded a trade surplus of 14.50 EUR Billion in April of 2026. Balance of Trade in Germany averaged 7.38 EUR Billion from 1962 until 2026, reaching an all time high of 25.15 EUR Billion in January of 2024 and a record low of -0.39 EUR Billion in May of 1991. This page provides - Germany Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Germany Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

Germany recorded a trade surplus of 14.50 EUR Billion in April of 2026. Balance of Trade in Germany is expected to be 11.20 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Balance of Trade is projected to trend around 11.00 EUR Billion in 2027 and 12.00 EUR Billion in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-08 06:00 AM
Balance of Trade
Mar €14.3B €19.6B €18.4B €17.8B
2026-06-09 06:00 AM
Balance of Trade
Apr €14.5B €14.7B €15B €13.6B
2026-07-09 06:00 AM
Balance of Trade
May €14.5B


Related Last Previous Unit Reference
Balance of Trade 14.50 14.70 EUR Billion Apr 2026
Current Account 23635.26 20487.31 EUR Million Mar 2026
Exports MoM 136.60 135.80 EUR Billion Apr 2026
Imports MoM 122.10 120.70 EUR Billion Apr 2026
Terms of Trade 100.50 100.90 points Apr 2026
Tourist Arrivals 2338.12 2275.95 Thousand Mar 2026


Germany Balance of Trade
Germany continued to post significant trade surpluses with key partners in 2024. The surplus with the United States stood at approximately €69.8 billion, reflecting robust demand for German industrial goods, such as motor vehicles and machinery. In contrast, Germany recorded a substantial trade deficit with China—around €66.3 billion—due to high imports of electronics, machinery, and other manufactured products. Overall, the US regained its position as Germany’s largest trading partner, slightly ahead of China, with the Netherlands ranking third.
Actual Previous Highest Lowest Dates Unit Frequency
14.50 14.70 25.15 -0.39 1962 - 2026 EUR Billion Monthly
Current Prices, SA

News Stream
German Trade Surplus Smallest in 5 Months
Germany’s trade surplus narrowed to €14.5 billion in April 2026 from an upwardly revised €14.7 billion in March, falling short of market expectations of €15.0 billion. It was the smallest trade surplus since November, as imports grew faster than exports. Exports unexpectedly increased by 0.9% month-on-month to a near 3½-year high of €136.6 billion, accelerating from a downwardly revised 0.3% gain in March and easily beating expectations of a 0.3% decline. Shipments to EU member states increased 1.0%, while those to third countries rose 0.7%. Meanwhile, imports climbed 1.2% month-on-month to €122.1 billion, the highest level since November 2022, though easing from a downwardly revised 4.5% increase in March. The increase was driven by purchases from both EU partners (1.8%) and non-EU countries (1.2%). For the first four months of the year, the country recorded a trade surplus of €69.2 billion, with exports and imports advancing 2.1% and 2.8%, respectively.
2026-06-09
German Trade Surplus Smallest in 4 Months
Germany’s trade surplus narrowed to €14.3 billion in March 2026 from a downwardly revised €19.6 billion in February, falling short of market expectations of €18.4 billion. It was the smallest trade surplus since last November, as exports rose less than imports. Exports unexpectedly increased by 0.5% month-on-month to a near 3½-year high of €135.8 billion, slowing sharply from a 3.6% rise in February but easily beating expectations of a 1.7% decline. Shipments to EU member states grew 3.4%, while those to third countries fell 3.3%. Meanwhile, imports surged 5.1% month-on-month to €121.5 billion, the highest level since November 2022, accelerating from an upwardly revised 4.9% increase in February and far exceeding expectations of a 0.8% rise. The increase was driven by purchases from both EU partners (3.0%) and non-EU countries (7.4%). For the first quarter, the country posted a trade surplus of €54 billion, with exports and imports rising by 1.7% and 1.9%, respectively.
2026-05-08
German Trade Surplus Narrows in February
Germany’s trade surplus narrowed to €19.8 billion in February 2026, down from a downwardly revised €20.3 billion in January, though it remained above expectations of €18.5 billion. Exports rose 3.6% mom to a three-year high of €135.2 billion in February, following a downwardly revised 1.5% drop in January and exceeding expectations of a 1% rise. Shipments to EU member states increased 5.8%, while those to third countries rose 0.8%, supported by a 4.1% rise in shipments to the UK and a 26.9% jump in exports to Russia. By contrast, exports to the US, Germany’s largest export market, fell 7.5%, while those to China dropped 2.5%. Meanwhile, imports surged 4.7% mom to €115.4 billion, reversing a downwardly revised 5.1% decline in January and surpassing estimates of 4%. Purchases from EU partners jumped 5.1%, supported by increases from both euro area members (4.5%) and non-euro area countries (6.3%). For the first two months of the year, the country posted a €40.1 billion trade surplus.
2026-04-09