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, as imports rose by 11.3 percent to EUR 98.9 billion, while exports went up at a softer 8.5 percent to EUR 117.2 billion. On a seasonally adjusted basis, the trade surplus narrowed to EUR 17.3 billion in October from an upwardly revised EUR 17.7 billion in September and below market expectations of EUR 17.7 billion. Exports rose by 0.7 percent, beating forecasts of a 0.5 percent rise and after a downwardly revised 0.14 percent fall in a month earlier. Imports grew by 1.3 percent, compared to market consensus of a 0.4 percent rise and following 0.4 percent fall in September. Considering January to October 2018, the trade surplus narrowed to EUR 192.5 billion from EUR 205.7 billion in the corresponding period the prior year. Balance of Trade in Germany averaged 5188.53 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
2018-09-07 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 €18.3B €18.3B €17.7B
2019-01-09 07:00 AM Balance of Trade
2019-02-08 07:00 AM Balance of Trade € 17.4B
2019-03-08 07:00 AM Balance of Trade



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, as imports rose by 11.3 percent to EUR 98.9 billion, while exports went up at a softer 8.5 percent to EUR 117.2 billion.

Imports jumped 11.3 percent from a year earlier to EUR 98.9 billion in October. Purchases from the EU increased by 7.5 percent to EUR 55.1 billion, of which Euro area countries (7.1 percent to EUR 34.1 billion) and non-Euro area (8.3 percent to EUR 19.7 billion). In addition, imports from countries outside the EU surged 16.4 percent to EUR 43.8 billion.

Meanwhile, exports increased  at a slower 8.5 percent to EUR 117.2 billion. Sales to the EU went up 8.1 percent to EUR 69.8 billion, namely Euro area countries (8.9 percent to EUR 44.0 billion) and non-Euro area (6.9 percent to EUR 25.8 billion). Also, sales to countries outside the EU grew 9.2 percent to EUR 47.4 billion.

On a seasonally adjusted basis, the trade surplus narrowed slightly to EUR 17.3 billion in October from an upwardly revised EUR 17.7 billion in September and below market expectations of EUR 17.7 billion. Exports rose by 0.7 percent, beating forecasts of a 0.5 percent rise and after a downwardly revised 0.14 percent fall in a month earlier. Imports grew by 1.3 percent, compared to market consensus of a 0.4 percent rise and following 0.4 percent fall in September.

Considering January to October 2018, the trade surplus narrowed to EUR 192.5 billion from EUR 205.7 billion in the corresponding period the prior year.


DESTATIS l Rida | rida@tradingeconomics.com
12/10/2018 7:54:53 AM



Germany Trade Last Previous Highest Lowest Unit
Balance of Trade 18300.00 18300.00 25455.63 -535.91 EUR Million [+]
Exports 117200.00 109200.00 118140.36 226.39 EUR Million [+]
Imports 98900.00 90900.00 98900.00 346.78 EUR Million [+]
Current Account 15900.00 21400.00 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
18300.00 18300.00 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 18300.00 Oct/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 -3300.00 Oct/18
United States -55488.00 Oct/18


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