The German trade surplus decreased to EUR 20.5 billion in November 2018 from EUR 23.8 billion in the same month a year earlier, as imports rose 3.6 percent while exports were nearly unchanged. Considering January to November, the trade surplus narrowed to EUR 214.2 billion from EUR 229.5 billion in the corresponding period of the previous year. Balance of Trade in Germany averaged 5207.63 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.

Balance of Trade in Germany is expected to be 24000.00 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 16000.00 in 12 months time. In the long-term, the Germany Balance of Trade is projected to trend around 11400.00 EUR Million in 2020, according to our econometric models.

Germany Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-10-09 06:00 AM Balance of Trade €17.2B €16.5B €19.1B
2018-11-08 07:00 AM Balance of Trade €18.4B €17.1B € 21.8B
2018-12-10 07:00 AM Balance of Trade €18.3B €18.3B €17.7B
2019-01-09 07:00 AM Balance of Trade €20.5B €18.9B €19.5B
2019-02-08 07:00 AM Balance of Trade €20.5B €15.1B
2019-03-11 07:00 AM Balance of Trade
2019-04-08 06:00 AM Balance of Trade



German Trade Surplus Narrows in November

The German trade surplus decreased to EUR 20.5 billion in November 2018 from EUR 23.8 billion in the same month a year earlier, as imports rose 3.6 percent while exports were nearly unchanged.

Imports increased 3.6 percent from a year earlier to EUR 95.7 billion in November. Purchases from the EU went up 3.1 percent to EUR 54.5 billion, of which Euro area (2.9 percent to EUR 34.8 billion) and non-Euro area countries (3.3 percent to EUR 19.7 billion). In addition, imports from countries outside the EU grew 4.3 percent to EUR 41.2 billion.

Meanwhile, exports were nearly unchanged at EUR 116.3 billion. Sales to the EU edged up 0.3 percent to EUR 68.1 billion, as higher exports to non-Euro area countries (1.3 percent to EUR 25.3 billion) were partially offset by a decline in sales to Euro area (-0.4 percent to EUR 42.8 billion). At the same time, sales to countries outside the EU dropped 0.4 percent to EUR 48.2 billion.

On a seasonally adjusted basis, the trade surplus widened to EUR 19.0 billion in November from an upwardly revised EUR 17.9 billion in October and above market expectations of EUR 18.0 billion. Imports slumped 1.6 percent, against market consensus of a 0.4 percent rise, while exports decreased at a slower 0.4 percent, compared to expectations of a 0.3 percent fall.

Considering January to November, the trade surplus narrowed to EUR 214.2 billion from EUR 229.5 billion in the corresponding period of the previous year.


Destatis | Rida Husna | rida@tradingeconomics.com
1/9/2019 12:09:06 PM



Germany Trade Last Previous Highest Lowest Unit
Balance of Trade 20500.00 18915.04 25455.63 -535.91 EUR Million [+]
Current Account 21400.00 18900.00 32729.00 -9353.00 EUR Million [+]
Current Account to GDP 8.00 8.50 8.90 -1.70 percent [+]
Imports 95741.00 98445.29 98445.29 346.78 EUR Million [+]
Exports 116274.00 117360.33 118140.36 226.39 EUR Million [+]
External Debt 4886438.00 4882730.00 4886438.00 1929687.00 EUR Million [+]
Capital Flows 22502.92 7626.12 46686.40 -28680.00 EUR Million [+]
Foreign Direct Investment 18107.00 212.81 141351.68 -32189.54 EUR Million [+]
Gold Reserves 3369.70 3369.80 3468.60 3369.70 Tonnes [+]
Terms Of Trade 98.55 97.99 105.65 73.51 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 41.00 41.00 79.00 40.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
20500.00 18915.04 25455.63 -535.91 1950 - 2018 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 979.00 Nov/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3843.00 Nov/18
Japan -737.30 Nov/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 18984.00 Nov/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -3836500.00 Oct/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18


Related

Latest