The trade surplus in Germany narrowed slightly once again to EUR 17.2 billion in November of 2020 from EUR 18.5 billion a year earlier. Exports decreased 1.3 percent to EUR 111.7 billion, the 9th straight annual decline and imports edged down 0.1 percent to EUR 94.6 billion. Sales to the EU declined 1.7 percent and those to the Euro Area were down 2.2 percent. Shipments to China increased 14.3 percent while those to the US fell 3.1 percent. Imports from the EU went up 2.6 percent and those from China 5.4 percent while purchases from the US fell 1.5 percent. Adjusted for calendar and seasonal effects, exports were still 4.7 percent and imports 0.6 percent lower than in February of 2020, the month before restrictions were imposed due to the coronavirus pandemic. source: Federal Statistical Office

Balance of Trade in Germany averaged 5535.88 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 January of 2021.

Balance of Trade in Germany is expected to be 9400.00 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 6800.00 in 12 months time. In the long-term, the Germany Balance of Trade is projected to trend around 6800.00 EUR Million in 2022 and 4600.00 EUR Million in 2023, according to our econometric models.

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Germany Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
17153.00 19364.75 25455.63 -535.91 1950 - 2020 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-08 06:00 AM Aug €12.8B €19.2B €17.4B
2020-11-09 07:00 AM Sep €20.8B €11.9B €19.9B
2020-12-09 07:00 AM Oct €19.4B €20.6B €23.2B
2021-01-08 07:00 AM Nov €17.2B €19.4B €17.6B
2021-02-09 07:00 AM Dec €17.2B
2021-03-09 07:00 AM Jan
2021-04-09 06:00 AM Feb
2021-05-07 06:00 AM Mar


News Stream
Germany Trade Surplus Narrows Again in November
The trade surplus in Germany narrowed slightly once again to EUR 17.2 billion in November of 2020 from EUR 18.5 billion a year earlier. Exports decreased 1.3 percent to EUR 111.7 billion, the 9th straight annual decline and imports edged down 0.1 percent to EUR 94.6 billion. Sales to the EU declined 1.7 percent and those to the Euro Area were down 2.2 percent. Shipments to China increased 14.3 percent while those to the US fell 3.1 percent. Imports from the EU went up 2.6 percent and those from China 5.4 percent while purchases from the US fell 1.5 percent. Adjusted for calendar and seasonal effects, exports were still 4.7 percent and imports 0.6 percent lower than in February of 2020, the month before restrictions were imposed due to the coronavirus pandemic.
2021-01-08
Germany Trade Surplus Falls, Exports Down for 8th Month
The trade surplus in Germany narrowed slightly to EUR 19.4 billion in October of 2020 from EUR 21.3 billion a year earlier. Exports shrank 6.5 percent year-on-year to EUR 112 billion, the 8th straight annual decline and imports fell 5.9 percent to EUR 92.7 billion, the 10th consecutive drop. Exports to the Euro Area went down 5.1 percent and those to the UK sank 11.7 percent. Sales to the United States, which have been hit particularly hard by the coronavirus pandemic, dropped 10.5 percent while sales to China edged up 0.3 percent. Imports to the Euro Area decreased 2.9 percent and those from the UK were down 14.7 percent. Purchases from China slumped 3.3 percent, those from the US 18.8 percent and from the UK 17.6 percent. Adjusted for calendar and seasonal effects, exports were still 6.8 percent and imports 5.2 percent lower than in February of 2020, the month before restrictions were imposed due to the coronavirus pandemic.
2020-12-09
Germany Trade Surplus Falls Slightly
Germany's trade surplus narrowed slightly to EUR 20.8 billion in September of 2020 from EUR 21.1 billion a year earlier. Exports were down 3.8 percent year-on-year to EUR 109.8 billion and imports declined 4.3 percent to EUR 89 billion. Exports to the Euro Area went down 4.5 percent and those to the UK sank 12.4 percent. Sales to the United States, which have been hit particularly hard by the coronavirus pandemic, dropped 5.8 percent while sales to China increased 10.6 percent. Imports to the Euro Area decreased 4.4 percent and those from the UK were down 14.7 percent. In contrast, purchases rose from China (up 3 percent) and the US (3 percent). Adjusted for calendar and seasonal effects, exports were down 7.7 percent and imports 5.7 percent compared with February of 2020, the month before restrictions were imposed due to the coronavirus pandemic.
2020-11-09
German Trade Surplus Smallest in 3 Months
Germany's trade surplus declined to EUR 12.8 billion in August 2020, from EUR 16.4 billion in the same month of the previous year, as the coronavirus pandemic hit global demand. Exports dropped 10.2 percent due to lower sales to the European Union (-7 percent) and to third countries (-13.6 percent), in particular the UK (-7.3 percent), the US (-21.1 percent) and China (-1.1 percent). Imports fell at a softer 7.9 percent, as purchases from the EU dropped 5.4 percent and those from third countries tumbled 10.5 percent. Among these, imports fell from the UK (-22.2 percent) and the US (-5.2 percent), while imports from China were unchanged. On a seasonally adjusted basis, exports rose 2.4 percent from a month earlier, beating expectations of 1.4 percent, while imports were up 5.8 percent, compared to forecasts of a 1.4 percent gain.
2020-10-08

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.