Germany Balance of Trade  1950-2018 | Data | Chart | Calendar | Forecast

The German trade surplus fell to EUR 16.5 billion in July 2018 from EUR 18.8 billion in the same month a year earlier. It was the smallest trade surplus since January 2017, as imports jumped 12 percent to an all-time high while exports rose at a softer 7.6 percent. Balance of Trade in Germany averaged 5137.19 EUR Million from 1950 until 2018, 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.

Germany Balance of Trade
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German Trade Surplus Smallest in 1-1/2 Years


The German trade surplus fell to EUR 16.5 billion in July 2018 from EUR 18.8 billion in the same month a year earlier. It was the smallest trade surplus since January 2017, as imports jumped 12 percent to an all-time high while exports rose at a softer 7.6 percent.

Imports of goods increased by 12 percent from a year earlier to an all-time high of EUR 94.5 billion in July, mainly boosted by purchases from the EU (10.9 percent to EUR 53.7 billion), of which Euro area countries (14.1 percent to EUR 36.1 billion) and other European countries (4.8 percent to EUR 17.6 billion). In addition, imports from countries outside the EU rose by 13.6 percent to EUR 40.8 billion.

Meanwhile, exports went up at a softer 7.6 percent to EUR 111.0 billion, as sales to the EU grew by 8 percent to EUR 64.5 billion, of which Euro area countries (9.5 percent to EUR 41.5 billion) and other European countries (5.5 percent to EUR 23.1 billion). Exports to countries outside the EU increased by 7.1 percent to EUR 46.5 billion. 

On a seasonally adjusted basis, the trade surplus fell to EUR 15.8 billion in July from EUR 19.3 billion in June and below market expectations of EUR 19.0 billion. Exports dropped unexpectedly by 0.9 percent, missing forecasts of a 0.2 percent rise; while imports jumped by 2.8 percent, far above market consensus of a 0.2 percent gain.

Considering January to July, the trade surplus narrowed to EUR 138.3 billion from EUR 140.1 billion in the same period of 2017.



Destatis | Rida | rida@tradingeconomics.com
9/7/2018 11:17:30 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-09 06:00 AM Balance of Trade €19.7B €20.1B €21.2B
2018-08-07 06:00 AM Balance of Trade €21.8B €19.6B € 24.5B
2018-09-07 06:00 AM Balance of Trade €16.5B €21.8B €18.4B
2018-10-09 06:00 AM Balance of Trade €16.5B €19.1B
2018-11-08 07:00 AM Balance of Trade € 21.8B
2018-12-10 07:00 AM Balance of Trade €17.7B


Germany Trade Last Previous Highest Lowest Unit
Balance of Trade 16461.00 21783.63 25455.63 -535.91 EUR Million [+]
Exports 111005.00 115584.20 118173.58 226.39 EUR Million [+]
Imports 94544.00 93800.57 94544.00 346.78 EUR Million [+]
Current Account 15300.00 26600.00 32728.79 -13042.00 EUR Million [+]
External Debt 4648614.00 4583404.00 4831883.00 1929687.00 EUR Million [+]
Current Account to GDP 8.00 8.50 8.90 -1.70 percent [+]
Capital Flows 5878.95 20541.25 46686.40 -28680.00 EUR Million [+]
Foreign Direct Investment 2480.00 24604.00 141351.00 -32189.00 EUR Million [+]
Gold Reserves 3371.00 3373.60 3468.60 3371.00 Tonnes [+]
Terms Of Trade 102.77 102.57 110.07 76.60 Index Points [+]
Terrorism Index 4.92 4.31 4.92 1.77 [+]
Tourist Arrivals 37452.00 35595.00 37452.00 14347.00 Thousand [+]
Weapons Sales 1653.00 2535.00 3310.00 12.00 USD Million [+]
Crude Oil Production 43.00 42.00 79.00 38.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Germany Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Germany Balance of Trade - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
16461.00 21783.63 25455.63 -535.91 1950 - 2018 EUR Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Argentina -789.00 Jul/18
Australia 1551.00 Jul/18
Brazil 3774.99 Aug/18
Canada -114.30 Jul/18
China 279.10 Aug/18
Euro Area 17555.60 Jul/18
France -3490.00 Jul/18
Germany 16461.00 Jul/18
India -17390.00 Aug/18
Indonesia -1021.40 Aug/18
Italy 5676.00 Jul/18
Japan -445.00 Aug/18
Mexico -2889.20 Jul/18
Netherlands 4612.00 Jul/18
Russia 13402.00 Jul/18
Saudi Arabia 120299.00 Mar/18
Singapore 6755.10 Aug/18
South Africa -4657.00 Jul/18
South Korea 6900.00 Aug/18
Spain -2448240.00 Jun/18
Switzerland 1154.26 Jul/18
Turkey -5980.00 Jul/18
United Kingdom -111.00 Jul/18
United States -50082.00 Jul/18


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