The German trade surplus decreased to EUR 18.4 billion in September 2018 from EUR 24.2 billion in the same month a year earlier, as imports rose by 5.3 percent to EUR 90.7 billion, while exports fell 1.2 percent to EUR 109.1 billion. On a seasonally adjusted basis, the trade surplus narrowed to EUR 17.6 billion in September from a downwardly revised EUR 18.2 billion in August but slightly above market expectations of EUR 18 billion. Exports dropped unexpectedly by 0.8 percent, missing forecasts of a 0.3 percent rise and after an upwardly revised 0.1 percent rise in a month earlier. Imports also declined at a softer 0.4 percent, compared to market consensus of a 0.8 percent rise and following 2.4 percent fall in August. Considering January to September 2018, the trade surplus narrowed to EUR 174.4 billion from EUR 186.6 billion in the corresponding period the prior year. Balance of Trade in Germany averaged 5172.75 EUR Million from 1950 until 2018, 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 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 17200.00 in 12 months time. In the long-term, the Germany Balance of Trade is projected to trend around 11400.00 EUR Million in 2020, according to our econometric models.

Germany Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-07 06:00 AM Balance of Trade €21.8B €19.6B € 24.5B
2018-09-07 06:00 AM Balance of Trade €16.5B €21.8B €18.4B
2018-10-09 06:00 AM Balance of Trade €17.2B €16.5B €19.1B
2018-11-08 07:00 AM Balance of Trade €18.4B €17.1B € 21.8B
2018-12-10 07:00 AM Balance of Trade €18.4B €17.7B
2019-01-09 07:00 AM Balance of Trade
2019-02-08 07:00 AM Balance of Trade € 17.4B



German Trade Surplus Narrows in September


The German trade surplus decreased to EUR 18.4 billion in September 2018 from EUR 24.2 billion in the same month a year earlier, as imports rose by 5.3 percent to EUR 90.7 billion, while exports fell 1.2 percent to EUR 109.1 billion.

Imports grew by 5.3 percent from a year earlier to EUR 90.7 billion in September. Purchases from the EU increased by 5.8 percent to EUR 52.1 billion, of which Euro area countries (9.3 percent to EUR 34.1 billion), while there was a decline in inbound shipments from other European countries (-0.3 percent to EUR 18.0 billion). At the same time, imports from countries outside the EU rose by 4.7 percent to EUR 38.6 billion.
Meanwhile, exports declined 1.2 percent to EUR 109.1 billion, as sales to the EU contracted 0.4 percent to EUR 64.7 billion, of which other European countries (-2.0 percent to EUR 23.7 billion), while there was an increase in sales for Euro area countries (0.6 percent to EUR 41.0 billion). In addition, exports to countries outside the EU shrank 2.2 percent to EUR 44.4 billion. 
On a seasonally adjusted basis, the trade surplus narrowed to EUR 17.6 billion in September from a downwardly revised EUR 18.2 billion in August but slightly above  market expectations of EUR 18 billion. Exports dropped unexpectedly by 0.8 percent, missing forecasts of a 0.3 percent rise and after an upwardly revised 0.1 percent rise in a month earlier. Imports also declined at a softer 0.4 percent, compared to market consensus of a 0.8 percent rise and following 2.4 percent decline in August.

Considering January to September 2018, the trade surplus narrowed to EUR 174.4 billion from EUR 186.6 billion in the corresponding period the prior year.


Destatis l Rida | rida@tradingeconomics.com
11/8/2018 9:27:06 AM



Germany Trade Last Previous Highest Lowest Unit
Balance of Trade 18395.00 17100.69 25455.63 -535.91 EUR Million [+]
Exports 109071.00 105385.98 118140.36 226.39 EUR Million [+]
Imports 90676.00 88285.28 94542.96 346.78 EUR Million [+]
Current Account 21141.17 15331.79 32729.00 -9353.00 EUR Million [+]
External Debt 4882730.00 4648614.00 4882730.00 1929687.00 EUR Million [+]
Current Account to GDP 8.00 8.50 8.90 -1.70 percent [+]
Capital Flows 6288.01 16095.55 46686.40 -28680.00 EUR Million [+]
Foreign Direct Investment 15054.43 2007.21 141351.68 -32189.54 EUR Million [+]
Gold Reserves 3369.80 3371.00 3468.60 3369.80 Tonnes [+]
Terms Of Trade 97.99 98.75 105.65 73.51 Index Points [+]
Terrorism Index 4.92 4.31 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 41.00 41.00 79.00 40.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
18395.00 17100.69 25455.63 -535.91 1950 - 2018 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18395.00 Sep/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -27.00 Sep/18
United States -55488.00 Oct/18


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