Germany's trade surplus narrowed sharply to EUR 7.1 billion in May 2020 from EUR 20.7 billion in the same month of the previous year, as the coronavirus pandemic hit global demand. Exports tumbled 29.7 percent due to lower sales to the European Union (-29 percent) and to third countries (-30.5 percent), in particular to the UK (-46.9 percent), the US (-36.5 percent) and China (-12.3 percent). Imports slumped 21.7 percent, as purchases from the EU plunged 25.2 percent and those from third countries fell 17.5 percent. Among non-EU countries, imports were down from the UK (-20.3 percent) and the US (-26.9 percent), but were up from China (23.4 percent). On a seasonally adjusted basis, exports rebounded 9 percent in May, missing market forecasts of a 13.8 percent recovery, while imports rose 3.5 percent, also less than an expected 12 percent jump.

Balance of Trade in Germany averaged 5452.25 EUR Million from 1950 until 2020, 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 July of 2020. source: Federal Statistical Office

Balance of Trade in Germany is expected to be 23900.00 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 1800.00 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
7052.00 3645.02 25455.63 -535.91 1950 - 2020 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-09 06:00 AM Feb €20.8B €13.8B €18.2B
2020-05-08 06:00 AM Mar €17.4B €20.6B €17B
2020-06-09 06:00 AM Apr €3.5B €17.4B €15.9B
2020-07-09 06:00 AM May €7.1B €3.6B €21.1B
2020-08-07 06:00 AM Jun €7.1B € 1.4B
2020-09-08 06:00 AM Jul €22B
2020-10-08 06:00 AM Aug €17.4B
2020-11-09 07:00 AM Sep € 27.9B


News Stream
German Trade Surplus Narrows in May
Germany's trade surplus narrowed sharply to EUR 7.1 billion in May 2020 from EUR 20.7 billion in the same month of the previous year, as the coronavirus pandemic hit global demand. Exports tumbled 29.7 percent due to lower sales to the European Union (-29 percent) and to third countries (-30.5 percent), in particular to the UK (-46.9 percent), the US (-36.5 percent) and China (-12.3 percent). Imports slumped 21.7 percent, as purchases from the EU plunged 25.2 percent and those from third countries fell 17.5 percent. Among non-EU countries, imports were down from the UK (-20.3 percent) and the US (-26.9 percent), but were up from China (23.4 percent). On a seasonally adjusted basis, exports rebounded 9 percent in May, missing market forecasts of a 13.8 percent recovery, while imports rose 3.5 percent, also less than an expected 12 percent jump.
2020-07-09
German Trade Surplus Smallest in 19 Years
Germany's trade surplus narrowed sharply to EUR 3.5 billion in April 2020, the smallest since December 2000, as both exports and imports dropped at record rates amid the coronavirus pandemic. Exports slumped 31.1 percent due to lower sales to the European Union (-34.8 percent), mostly to France (-48.3 percent) and Italy (-40.1 percent). In addition, sales to third countries fell 27 percent, in particular to the UK (-42.1 percent), the US (-35.8 percent) and China (-12.6 percent). Imports tumbled 21.6 percent, as purchases from the EU plunged 30.1 percent, in particular from France (-37.3 percent) and Italy (-32.5 percent). Imports from third countries also dropped 11.4 percent despite increases in purchases from China (10 percent), the UK (8.8 percent) and the US (2.4 percent). On a seasonally adjusted basis, the trade surplus narrowed sharply to EUR 3.2 billion, missing market consensus of EUR 10 billion, with exports and imports falling the most since August 1990.
2020-06-09
Bond Yields Rise
The US and most euro zone bond yields rose on Monday, as investors anticipated further steps from policymakers to soften the economic blow of the coronavirus pandemic. Traders weighed efforts to reopen economies against concerns over the possibility of a second wave of COVID-19 that could lead to future lockdowns.
2020-05-11
German Trade Surplus Narrows in March
Germany's trade surplus narrowed to EUR 17.4 billion in March 2020 from EUR 22.3 billion in the same month of the previous year, as exports plunged 7.9 percent due to lower sales to the European Union (-11.0 percent), of which the Eurozone (-14.0 percent). In addition, sales to third countries dropped 4.3 percent, in particular to the UK (-9.0 percent). Imports dropped 4.5 percent, as purchases from the EU plunged 8.0 percent, in particular from the Euro area (-7.8 percent). Imports from third countries also fell 0.1 percent, especially from the UK (-14.6 percent). On a seasonally adjusted basis, the trade surplus narrowed sharply to EUR 12.8 billion, missing market consensus of EUR 18.9 billion, with exports and imports falling by 11.8 percent and 5.1 percent, respectively.
2020-05-08

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.