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 18700.00 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.