Germany's trade surplus widened to EUR 21.4 billion in July 2019 from EUR 16.4 billion in the same month last year, as exports rose while imports fell. Balance of Trade in Germany averaged 5331.67 EUR Million from 1950 until 2019, 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 17200.00 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 20000.00 in 12 months time. In the long-term, the Germany Balance of Trade is projected to trend around 6800.00 EUR Million in 2020, according to our econometric models.

Germany Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-07 06:00 AM Balance of Trade Apr €17.9B €22.6B €17.2B
2019-07-08 06:00 AM Balance of Trade May €20.6B €17.9B €15.9B
2019-08-09 06:00 AM Balance of Trade Jun €16.8B €20.6B €16.6B
2019-09-09 06:00 AM Balance of Trade Jul €21.4B €16.6B €12.9B
2019-10-10 06:00 AM Balance of Trade Aug €21.4B €14.1B
2019-11-08 07:00 AM Balance of Trade Sep € 17.2B
2019-12-09 07:00 AM Balance of Trade Oct €17.5B



German Trade Surplus Widens Sharply in July

Germany's trade surplus widened to EUR 21.4 billion in July 2019 from EUR 16.4 billion in the same month last year.

Exports increased 3.8 percent year-on-year to EUR 115.2 billion in July, boosted by a jump in sales to countries outside the EU (9.8 percent to EUR 51.0 billion). Conversely, sales to the EU dropped 0.5 percent to EUR 64.2 billion, of which the Euro area (-0.2 percent to EUR 41.3 billion) and non-Euro area countries (-1.1 percent to EUR 22.9 billion).
 
Imports dropped 0.9 percent to EUR 93.7 billion, as purchases from the EU decreased 1.6 percent to EUR 52.8 billion, of which the Euro area (-3.4 percent to EUR 34.9 billion) and non-Euro area countries (2.0 percent to EUR 18.0 billion). Also, arrivals from countries outside the EU edged down 0.1 percent to EUR 40.9 billion.
 
Considering the first seven months of the year, the trade surplus narrowed to EUR 131.1 billion from EUR 138.8 billion in the corresponding period of 2018.
 
On a seasonally adjusted basis, the trade surplus widened to EUR 20.2 billion in July from a revised EUR 18.0 billion in June and above market consensus of EUR 17.5 billion. Exports went up 0.7 percent, easily beating expectations of a 0.5 percent drop; while imports declined 1.5 percent, worse than market consensus of a 0.3 percent fall.


Federal Statistical Office | Chusnul Ch Manan | chusnul@tradingeconomics.com
9/9/2019 8:29:26 AM



Germany Trade Last Previous Highest Lowest Unit
Balance of Trade 21449.00 16641.04 25455.63 -535.91 EUR Million [+]
Current Account 22100.00 20900.00 32686.70 -9353.00 EUR Million [+]
Current Account to GDP 7.30 8.00 8.50 -1.80 percent [+]
Imports 93726.00 89424.83 98535.29 346.78 EUR Million [+]
Exports 115175.00 106065.87 118234.65 226.39 EUR Million [+]
External Debt 4994410.00 4849468.00 4994410.00 1929687.00 EUR Million [+]
Capital Flows -239.19 11971.02 46159.18 -28680.00 EUR Million [+]
Foreign Direct Investment 8136.87 1077.25 141351.68 -32189.54 EUR Million [+]
Gold Reserves 3366.77 3367.90 3468.60 3366.77 Tonnes [+]
Terms Of Trade 101.29 100.99 105.65 73.51 Index Points [+]
Terrorism Index 4.60 4.92 4.92 1.77 [+]
Tourist Arrivals 38881.00 37452.00 38881.00 14347.00 Thousand [+]
Weapons Sales 1277.00 1980.00 3311.00 12.00 USD Million [+]
Crude Oil Production 37.00 39.00 79.00 37.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
21449.00 16641.04 25455.63 -535.91 1950 - 2019 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 5728.50 Jun/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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