Germany's trade surplus widened to EUR 15.2 billion in December 2019 from EUR 14.1 billion in the same month of the previous year, as exports rose 2.3 percent boosted by sales to third countries (7.3 percent). Meanwhile, there was a decline in exports to the EU (-1.5 percent) of which Eurozone (-2.0 percent) and non-Eurozone countries (-0.5 percent). Imports increased at a softer 1.2 percent, as purchases rose from third countries (5.7 percent) and non-Euro zone countries (3.7 percent). Imports from the bloc, however, slumped 4.9 percent. On a seasonally adjusted basis, the trade surplus rose to EUR 19.2 billion, above consensus of EUR 18.4 billion. Considering 2019 full year, the trade surplus narrowed to EUR 223.6 billion from EUR 228.7 billion in 2018, with exports and imports rising 0.8 percent and 1.4 percent respectively.
Balance of Trade in Germany averaged 5411.22 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. This page provides - Germany Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Federal Statistical Office
Balance of Trade in Germany is expected to be 23000.00 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 9400.00 in 12 months time. In the long-term, the Germany Balance of Trade is projected to trend around 6800.00 EUR Million in 2021 and 4600.00 EUR Million in 2022, according to our econometric models.