The trade surplus in Germany narrowed sharply to €1.3 billion in April of 2022, the lowest since 1992, as imports surged 25.2% year-on-year to €120.9 billion, as energy prices remain elevated while exports rose at a much smaller 9.2% to €122.2 billion. Exports to Russia accounted for €0.8 billion only. On a seasonally adjusted basis, total shipments were up 4.4% while imports increased 3.1%. Sales to Russia dropped by 10% in April, after sinking 60% in March due to sanctions imposed. Most shipments were sent to the EU (4.2%) and the US (7.7%). Imports from China jumped 12.3% and those from the Euro Area 2.4% while purchases from the US went down 1.2%. source: Federal Statistical Office
Balance of Trade in Germany averaged 5670.24 EUR Million from 1950 until 2022, 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 2022.
Balance of Trade in Germany is expected to be -13600.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Balance of Trade is projected to trend around 18400.00 EUR Million in 2023 and 17200.00 EUR Million in 2024, according to our econometric models.