Germany's trade surplus narrowed to EUR 17.4 billion in March 2020 from EUR 22.3 billion in the same month of the previous year, as exports plunged 7.9 percent due to lower sales to the European Union (-11.0 percent), of which the Eurozone (-14.0 percent). In addition, sales to third countries dropped 4.3 percent, in particular to the UK (-9.0 percent). Imports dropped 4.5 percent, as purchases from the EU plunged 8.0 percent, in particular from the Euro area (-7.8 percent). Imports from third countries also fell 0.1 percent, especially from the UK (-14.6 percent). On a seasonally adjusted basis, the trade surplus narrowed sharply to EUR 12.8 billion, missing market consensus of EUR 18.9 billion, with exports and imports falling by 11.8 percent and 5.1 percent, respectively.

Balance of Trade in Germany averaged 5452.93 EUR Million from 1950 until 2020, 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. 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 May of 2020. source: Federal Statistical Office

Balance of Trade in Germany is expected to be 17400.00 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 25600.00 in 12 months time. In the long-term, the Germany Balance of Trade is projected to trend around 6800.00 EUR Million in 2021 and 4600.00 EUR Million in 2022, according to our econometric models.

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Germany Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
17355.00 20616.37 25455.63 -535.91 1950 - 2020 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-07 07:00 AM Dec €15.2B €18.6B € 14B
2020-03-09 07:00 AM Jan €13.9B €15.2B €13.4B
2020-04-09 06:00 AM Feb €20.8B €13.8B €18.2B
2020-05-08 06:00 AM Mar €17.4B €20.6B €17B
2020-06-09 06:00 AM Apr €17.4B €17.9B
2020-07-09 06:00 AM May €21.1B
2020-08-07 06:00 AM Jun € 17.4B
2020-09-08 06:00 AM Jul €22B


News Stream
Bond Yields Rise
The US and most euro zone bond yields rose on Monday, as investors anticipated further steps from policymakers to soften the economic blow of the coronavirus pandemic. Traders weighed efforts to reopen economies against concerns over the possibility of a second wave of COVID-19 that could lead to future lockdowns.
2020-05-11
German Trade Surplus Narrows in March
Germany's trade surplus narrowed to EUR 17.4 billion in March 2020 from EUR 22.3 billion in the same month of the previous year, as exports plunged 7.9 percent due to lower sales to the European Union (-11.0 percent), of which the Eurozone (-14.0 percent). In addition, sales to third countries dropped 4.3 percent, in particular to the UK (-9.0 percent). Imports dropped 4.5 percent, as purchases from the EU plunged 8.0 percent, in particular from the Euro area (-7.8 percent). Imports from third countries also fell 0.1 percent, especially from the UK (-14.6 percent). On a seasonally adjusted basis, the trade surplus narrowed sharply to EUR 12.8 billion, missing market consensus of EUR 18.9 billion, with exports and imports falling by 11.8 percent and 5.1 percent, respectively.
2020-05-08
German Trade Surplus Largest in 4 Months
Germany's trade surplus widened to EUR 20.8 billion in February 2020, the largest since October, from EUR 17.8 billion in the same month of the previous year. Exports went up 0.4 percent led by sales to EU countries outside the Eurozone (6.2 percent). Meanwhile, exports to the bloc fell 1.3 percent and those to third countries edged down 0.1 percent, due to lower sales to China (-8.9 percent). Imports dropped 2.9 percent, as purchases from the bloc plunged 3.3 percent, while those from EU countries outside the Eurozone rose 1.3 percent. Imports from third countries dropped 4.1 percent mostly on the back of a 12 percent tumble in purchases from China. On a seasonally adjusted basis, the trade surplus widened to EUR 21.6 billion, beating market consensus of EUR 17.5 billion.
2020-04-09
German Trade Surplus Smallest in 4 Years
Germany's trade surplus narrowed to EUR 13.9 billion in January 2020 from EUR 14.5 billion in the same month of the previous year. This was the smallest trade surplus since January 2016, as exports dropped 2.1 percent led by lower sales to third countries (-2.0 percent), in particular to China (-6.5 percent). Also, there was a decline in exports to the UK (-16.3 percent) and the EU (-2.2 percent), of which the Eurozone (-1.8 percent) and non-Eurozone countries (-2.9 percent). Imports dropped at a softer 1.8 percent, as purchases from the EU fell 2.5 percent due to a 5.4 percent plunge in imports from the Eurozone. Meanwhile, imports from non-Eurozone countries rose 3.0 percent and purchases from the UK jumped 14.5 percent. Imports from third countries dropped by 0.9 percent led by lower purchases from China (-0.5 percent). On a seasonally adjusted basis, the trade surplus narrowed to EUR 18.5 billion from a revised EUR 19.0 billion, still beating consensus of EUR 15.4 billion.
2020-03-09

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.