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.


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Germany Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
15199.00 18581.76 25455.63 -535.91 1950 - 2019 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-08 07:00 AM Sep €21.1B €16.4B €17.2B
2019-12-09 07:00 AM Oct €21.5B €21.2B €17.5B
2020-01-09 07:00 AM Nov €18.3B €21.3B €19.9B
2020-02-07 07:00 AM Dec €15.2B €18.6B € 14B
2020-03-09 07:00 AM Jan €15.2B €13.4B
2020-04-09 06:00 AM Feb €18.2B
2020-05-08 06:00 AM Mar € 23B
2020-06-09 06:00 AM Apr €17.9B


News Stream
German Trade Surplus Widens in December
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.
2020-02-07
German Trade Surplus Narrows in November
Germany's trade surplus narrowed to EUR 18.3 billion in November 2019 from EUR 20.2 billion in the same month the previous year, as exports fell 2.9 percent on the back of lower sales to both the EU (-2.4 percent) and non-EU countries (-3.5 percent). Meanwhile, imports declined at a softer 1.6 percent as purchases from the EU dropped 1.4 percent and those from third countries fell 1.8 percent. On a seasonally adjusted basis, the trade surplus was also down to EUR 18.3 billion from a marginally revised EUR 20.4 billion in October and below market consensus of EUR 20 billion. Exports dropped 2.3 percent, much worse than expectations of a 0.5 percent fall; while imports declined 0.5 percent, missing forecasts of a 0.2 percent growth.
2020-01-09
German Trade Surplus Widens in October
Germany's trade surplus widened to EUR 21.5 billion in October 2019 from EUR 18.7 billion in the same month of the previous year. Exports rose 1.9 percent to EUR 119.5 billion while imports declined 0.6 percent to EUR 98.0 billion. On a seasonally adjusted basis, the country's trade surplus unexpectedly increased to EUR 20.6 billion in October from EUR 19.2 billion in September, above market consensus of EUR 19 billion, as exports rose 1.2 percent, easily beating expectations of a 0.7 percent fall; while imports were flat compared to consensus of a 0.1 percent decline.
2019-12-09
German Trade Surplus Widens in September
Germany's trade surplus widened to EUR 21.1 billion in September 2019 from EUR 18.2 billion in the same month last year, as exports advanced 4.6 percent to EUR 114.2 billion, while imports grew 2.3 percent to EUR 93 billion. Considering the first nine months of the year, the trade surplus narrowed to EUR 168.8 billion from EUR 175.8 billion in the corresponding period 2018.
2019-11-08

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.