The German trade surplus decreased to EUR 14.5 billion in January 2019 from EUR 17.2 billion in the same month a year earlier, as imports rose 5.0 percent to EUR 94.4 billion, while exports grew at a softer 1.7 percent to EUR 108.9 billion. Balance of Trade in Germany averaged 5230.26 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.

Balance of Trade in Germany is expected to be 20000.00 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 14000.00 in 12 months time. In the long-term, the Germany Balance of Trade is projected to trend around 6800.00 EUR Million in 2020, according to our econometric models.

Germany Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
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 €13.9B €20.4B €15.1B
2019-03-11 07:00 AM Balance of Trade €14.5B €14.3B €14.4B
2019-04-08 06:00 AM Balance of Trade €14.5B €16.5B
2019-05-10 06:00 AM Balance of Trade €20.0B
2019-06-07 06:00 AM Balance of Trade €17.2B



German Trade Surplus Narrows in January

The German trade surplus decreased to EUR 14.5 billion in January 2019 from EUR 17.2 billion in the same month a year earlier, as imports rose 5.0 percent to EUR 94.4 billion, while exports grew at a softer 1.7 percent to EUR 108.9 billion.

Imports increased 5.0 percent from a year earlier to EUR 94.4 billion in January. Purchases from the EU went up 3.7 percent to EUR 51.7 billion, of which Euro area (4.7 percent to EUR 33.8 billion) and non-Euro area countries (2 percent to EUR17.9 billion). In addition, imports from countries outside the EU expanded 6.5 percent to EUR 42.7 billion. 

Meanwhile, exports advanced 1.7 percent to EUR 108.9 billion. Sales to the EU grew 0.6 percent to EUR 65.3 billion, of which Euro area (1 percent to EUR 41.4 billion) and countries outside the EU (3.3 percent to EUR 43.5 billion). Meanwhile, exports from non-Euro area countries was unchanged at EUR 23.9 billion.

On a seasonally adjusted basis, the trade surplus narrowed to EUR 18.5 billion in January from an upwardly revised EUR 19.9 billion in December and mising market expectations of EUR 21.0 billion. Imports increased 1.5 percent, much faster than market consensus of a 0.2 percent rise, while exports were unchanged, compared to expectations of a 0.5 percent fall.


Destatis l Rida Husna | rida@tradingeconomics.com
3/11/2019 7:49:39 AM



Germany Trade Last Previous Highest Lowest Unit
Balance of Trade 14500.00 14346.78 25455.63 -535.91 EUR Million [+]
Current Account 18328.50 23134.01 32686.70 -9353.00 EUR Million [+]
Current Account to GDP 8.00 8.50 8.90 -1.70 percent [+]
Imports 94356.00 81764.30 98536.00 346.78 EUR Million [+]
Exports 108851.00 96111.08 118140.36 226.39 EUR Million [+]
External Debt 4886438.00 4882730.00 4886438.00 1929687.00 EUR Million [+]
Capital Flows 20177.74 35942.83 46159.18 -28680.00 EUR Million [+]
Foreign Direct Investment 3121.05 9003.51 141351.68 -32189.54 EUR Million [+]
Gold Reserves 3369.70 3369.70 3468.60 3369.70 Tonnes [+]
Terms Of Trade 100.00 99.71 105.65 73.51 Index Points [+]
Terrorism Index 4.60 4.92 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 39.00 39.00 79.00 39.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
14500.00 14346.78 25455.63 -535.91 1950 - 2019 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 372.00 Jan/19
Australia 4549.00 Jan/19
Brazil 3670.00 Feb/19
Canada -4593.40 Dec/18
China 41.18 Feb/19
Euro Area 1547.90 Jan/19
France -4195.00 Jan/19
Germany 14500.00 Jan/19
India -9600.00 Feb/19
Indonesia 329.50 Feb/19
Italy 321.80 Jan/19
Japan 339.00 Feb/19
Mexico -4809.60 Jan/19
Netherlands 2868.00 Jan/19
Russia 13368.00 Jan/19
Saudi Arabia 184673.00 Sep/18
Singapore 5198.50 Feb/19
South Africa -13082.76 Jan/19
South Korea 3098.00 Feb/19
Spain -4483276.00 Jan/19
Switzerland 2037.56 Feb/19
Turkey -2503.45 Jan/19
United Kingdom -3825.00 Jan/19
United States -59769.00 Dec/18


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