The trade surplus in Germany narrowed sharply to €9.7 billion in March of 2022 from €20.7 billion a year earlier, as exports to China, the UK and Russia fell while imports continued to rise at a double-digit pace. Exports were up 8.1% yoy to €137.4 billion and imports jumped 20.1% to €127.7 billion. On a calendar and seasonally adjusted basis, exports declined 3.3% compared with February 2022, with sales to Russia sinking 62.3% due to sanctions imposed. Shipments to the EU went down 1.7%, sales to countries outside the EU decreased 5.1%, namely to China (-4.3%) and the UK (-3.9%) while those to the US increased 3.2%. Imports however, increased 3.4% on the previous month, pushed up by purchases from China (15.8%), the US (6.3%) and the UK (40.8%) while imports from both the EU (-3%) and Russia (-2.4%) declined. source: Federal Statistical Office

Balance of Trade in Germany averaged 5677.97 EUR Million from 1950 until 2022, 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 2022.

Balance of Trade in Germany is expected to be 18700.00 EUR Million 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 18400.00 EUR Million in 2023 and 17200.00 EUR Million in 2024, according to our econometric models.

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Germany Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-04-04 06:00 AM Feb €11.4B €3.2B €7.1B
2022-05-04 06:00 AM Mar €9.7B €11B €9.5B
2022-06-03 06:00 AM Apr €9.7B


Related Last Previous Unit Reference
Balance of Trade 9672.40 11038.60 EUR Million Mar 2022
Current Account 18767.78 21057.21 EUR Million Mar 2022
Imports 127713.52 112305.76 EUR Million Mar 2022
Exports 137385.92 123344.36 EUR Million Mar 2022
Terms Of Trade 88.82 90.28 points Mar 2022
Tourist Arrivals 698.75 971.12 Thousand Jan 2022

Germany Balance of Trade
Germany runs regular trade surpluses since 1952, primarily due to strong exports of vehicles and other machinery. In 2021, the largest trade surpluses were recorded with the US, France, the UK, Austria, Switzerland, Italy, Sweden, Poland and Spain; while the biggest trade deficits were recorded with China, Ireland, Norway, Vietnam, Russia, Bangladesh, the Netherlands, Japan, Malaysia and South Africa.
Actual Previous Highest Lowest Dates Unit Frequency
9672.40 11038.60 25455.63 -535.91 1950 - 2022 EUR Million Monthly
Current Prices, NSA

News Stream
Germany Trade Surplus More than Halved in March
The trade surplus in Germany narrowed sharply to €9.7 billion in March of 2022 from €20.7 billion a year earlier, as exports to China, the UK and Russia fell while imports continued to rise at a double-digit pace. Exports were up 8.1% yoy to €137.4 billion and imports jumped 20.1% to €127.7 billion. On a calendar and seasonally adjusted basis, exports declined 3.3% compared with February 2022, with sales to Russia sinking 62.3% due to sanctions imposed. Shipments to the EU went down 1.7%, sales to countries outside the EU decreased 5.1%, namely to China (-4.3%) and the UK (-3.9%) while those to the US increased 3.2%. Imports however, increased 3.4% on the previous month, pushed up by purchases from China (15.8%), the US (6.3%) and the UK (40.8%) while imports from both the EU (-3%) and Russia (-2.4%) declined.
2022-05-04
German Trade Surplus Narrows in February
The German trade surplus dropped to €11.4 billion in February of 2022 from €17.9 billion a year earlier, as imports jumped 24.5% to €111.9 billion and exports rose at a softer 14.4% to €123.3 billion. On a calendar and seasonally adjusted basis, Germany’s trade surplus widened to €11.5 billion from a downwardly revised €8.9 billion in January. Exports were up 6.4% from the previous month to €124.7 billion, mainly due to sales to EU countries (10.4%) while those to non-EU countries rose 2.1%, particularly the US (2.7%), China (6.4%) and the UK (0.7%). With Russia, exports fell by 6.3% and imports 7.3% as the trade with the country was only restricted in late February as a result of Russia’s attack on Ukraine. Meanwhile, imports rose at a softer 4.5% to €113.1 billion boosted by purchases from China (4.8%). By contrast, imports fell from the US (-2.5%), the UK (-3.6), and Russia (-7.3%).
2022-04-04
German Trade Surplus Smallest Since 2000
The German trade surplus declined sharply to €3.5 billion in January of 2022 from €14.2 billion a year earlier, the lowest since December 2000 as imports surged 25.6% to €105.8 billion and exports rose at a softer 11% to €109.2 billion. On a calendar and seasonally adjusted basis, Germany’s trade surplus widened to €9.4 billion from €8.1 billion in December 2021, above market expectations of €6.1 billion. Exports went down 2.8% from the previous month to €116.9 billion, mainly due to sales to EU countries (-9.6%) while those to non-EU countries rose 6.2%, particularly the US (3%), China (13.7%) and the UK (2.4%). As the trade with the Russian Federation was not yet restricted in January 2022 by the sanctions imposed in response to Russia’s attack on Ukraine, German exports rose by 14.4% to €2.6 billion. Meanwhile, imports declined 4.2% to €107.5 billion dragged down by purchases from China (-6%). On the other hand, imports rose from the US (2%) and Russia (18.9%).
2022-03-04