The German trade surplus narrowed slightly to EUR 17.9 billion in February 2019 from EUR 18.3 billion in the same month a year earlier, as imports increased 5.1 percent while exports advanced at a slower 3.9 percent. Balance of Trade in Germany averaged 5245.64 EUR Million from 1950 until 2019, reaching an all time high of 25455.63 EUR Million in March of 2016 and a record low of -535.91 EUR Million in April of 1991.

Balance of Trade in Germany is expected to be 16600.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Germany to stand at 20000.00 in 12 months time. In the long-term, the Germany Balance of Trade is projected to trend around 6800.00 EUR Million in 2020, according to our econometric models.

Germany Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-09 07:00 AM Balance of Trade €20.5B €18.9B €19.5B
2019-02-08 07:00 AM Balance of Trade €13.9B €20.4B €15.1B
2019-03-11 07:00 AM Balance of Trade €14.5B €14.3B €14.4B
2019-04-08 06:00 AM Balance of Trade €17.9B €14.6B €16.5B
2019-05-10 06:00 AM Balance of Trade €17.9B €20.0B
2019-06-07 06:00 AM Balance of Trade €17.2B
2019-07-08 06:00 AM Balance of Trade €15.9B



German Trade Surplus Narrows Slightly in February

The German trade surplus narrowed slightly to EUR 17.9 billion in February 2019 from EUR 18.3 billion in the same month a year earlier.

Imports increased 5.1 percent from a year earlier to EUR 90.9 billion in February. Purchases from the EU went up 6.7 percent to EUR 53.2 billion, of which Euro area (7.5 percent to EUR 34.9 billion) and non-Euro area countries (5.1 percent to EUR 18.3 billion). In addition, imports from countries outside the EU rose 3 percent to EUR 37.7 billion. 

Meanwhile, exports advanced at a slower 3.9 percent to EUR 108.8 billion. Sales to the EU grew 3.8 percent to EUR 65.7 billion, of which Euro area (3.2 percent to EUR 41.4 billion) and non-Euro area countries (4.8 percent to EUR 24.3 billion). Also, exports to countries outside the EU grew 4.1 percent to EUR 43.1 billion.

Considering the first two months of 2019, the trade surplus narrowed to EUR 32.5 billion from EUR 35.4 billion in the corresponding period a year earlier.

On a seasonally adjusted basis, the trade surplus came in at EUR 18.7 billion in February, little-changed from a marginally revised EUR 18.6 billion in January and above market expectations of EUR 18.0 billion. Imports dropped 1.6 percent, worse than market consensus of a 0.7 percent fall; while exports went down 1.3 percent, compared to expectations of a 0.5 percent decline.


Destatis | Rida Husna | rida@tradingeconomics.com
4/8/2019 9:59:15 AM


News

German Trade Surplus Narrows in January
The German trade surplus decreased to EUR 14.5 billion in January 2019 from EUR 17.2 billion in the same month a year earlier, as imports rose 5.0 percent to EUR 94.4 billion, while exports grew at a softer 1.7 percent to EUR 108.9 billion.
Published on 2019-03-11

German Trade Surplus Smallest in Nearly 3 Years
The German trade surplus decreased to EUR 13.9 billion in December 2018 from EUR 18.4 billion in the same month a year earlier. It was the smallest trade surplus since January 2016, mainly due to a sharp decline in exports.
Published on 2019-02-08

German Trade Surplus Narrows in November
The German trade surplus decreased to EUR 20.5 billion in November 2018 from EUR 23.8 billion in the same month a year earlier, as imports rose 3.6 percent while exports were nearly unchanged.
Published on 2019-01-09

German Trade Surplus Narrows in October
The German trade surplus decreased to EUR 18.3 billion in October 2018 from EUR 19.1 billion in the same month a year earlier.
Published on 2018-12-10



Germany Trade Last Previous Highest Lowest Unit
Balance of Trade 17900.00 14600.00 25455.63 -535.91 EUR Million [+]
Current Account 16300.00 18800.00 32686.70 -9353.00 EUR Million [+]
Current Account to GDP 8.00 8.50 8.90 -1.70 percent [+]
Imports 90900.00 94300.00 98536.00 346.78 EUR Million [+]
Exports 108800.00 108900.00 118140.36 226.39 EUR Million [+]
External Debt 4849468.00 4886438.00 4886438.00 1929687.00 EUR Million [+]
Capital Flows 20177.74 35942.83 46159.18 -28680.00 EUR Million [+]
Foreign Direct Investment 3121.05 9003.51 141351.68 -32189.54 EUR Million [+]
Gold Reserves 3369.70 3369.70 3468.60 3369.70 Tonnes [+]
Terms Of Trade 99.80 100.00 105.65 73.51 Index Points [+]
Terrorism Index 4.60 4.92 4.92 1.77 [+]
Tourist Arrivals 37452.00 35595.00 37452.00 14347.00 Thousand [+]
Weapons Sales 1653.00 2535.00 3310.00 12.00 USD Million [+]
Crude Oil Production 39.00 39.00 79.00 39.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Germany Balance of Trade

Germany runs regular trade surpluses since 1952, primarily due to strong exports of vehicles and other machinery. In 2017, the largest trade surpluses were recorded with the US, the UK, France, Austria, Spain, Sweden and the UAE; while the biggest trade deficits were recorded with China, Vietnam, Norway, Russia, the Netherlands, Ireland and Czech Republic. This page provides - Germany Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Germany Balance of Trade - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
17900.00 14600.00 25455.63 -535.91 1950 - 2019 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 460.00 Feb/19
Australia 4801.00 Feb/19
Brazil 4990.00 Mar/19
Canada -4246.10 Jan/19
China 40.81 Feb/19
Euro Area 1547.90 Jan/19
France -4002.00 Feb/19
Germany 17900.00 Feb/19
India -9600.00 Feb/19
Indonesia 329.50 Feb/19
Italy 321.80 Jan/19
Japan 339.00 Feb/19
Mexico 1222.00 Feb/19
Netherlands 2868.00 Jan/19
Russia 13368.00 Jan/19
Saudi Arabia 180059.00 Dec/18
Singapore 5198.50 Feb/19
South Africa 3990.00 Feb/19
South Korea 5222.00 Mar/19
Spain -4483276.00 Jan/19
Switzerland 2037.56 Feb/19
Turkey -2134.33 Feb/19
United Kingdom -3825.00 Jan/19
United States -51149.00 Jan/19


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