The German trade surplus rose sharply to EUR 15.5 billion in April of 2021 from EUR 3.5 billion a year earlier as exports jumped 47.7% to EUR 111.8 billion and imports surged 33.2% to EUR 96.3 billion mostly due to base effects as the volumes of foreign trade last year were very low. Sales to the Euro Area were up 59.8% and to countries outside the EU rose 36.5%, namely the UK (64.1%), China (16%) and the US (59.9%). Imports from the Euro Area increased 40.5% while from China was up 13.3%. After calendar and seasonal adjustment, exports were 0.5% lower and imports 5.5% higher than in February 2020, the month before restrictions were imposed due to the coronavirus pandemic in Germany. source: Federal Statistical Office
Balance of Trade in Germany averaged 5599.86 EUR Million from 1950 until 2021, 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 June of 2021.
Balance of Trade in Germany is expected to be 14800.00 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 19500.00 in 12 months time. In the long-term, the Germany Balance of Trade is projected to trend around 9200.00 EUR Million in 2022 and 7400.00 EUR Million in 2023, according to our econometric models.