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.