German trade surplus was little changed at €14.8 billion in December of 2020 from €15.1 billion a year earlier. Exports jumped 2.7 percent to €100.7 billion, mainly boosted by sales to China (11.6%) and to the US (8.4%) which was the 1st increase in German exports to the US since February. Imports rose at a faster 3.5 percent to €85.9 billion. Adjusted for calendar and seasonal effects, exports were 4.6 percent and imports 0.1 percent lower than in February of 2020, the month before restrictions were imposed due to the coronavirus pandemic. Considering full 2020, exports declined 9.3% to €1205 billion and imports 7.1% to €1026 billion, thus narrowing the trade gap to €179.1 billion from €224 billion in 2019. It is largest year-on-year decreases in both exports and imports since the financial and economic crisis in 2009. The majority of German goods were exported to the US in 2020 although sales were down 12.5%. Most imports came from China and purchases rose 5.6%. source: Federal Statistical Office
Balance of Trade in Germany averaged 5546.19 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 February of 2021.
Balance of Trade in Germany is expected to be 9400.00 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 6800.00 in 12 months time. In the long-term, the Germany Balance of Trade is projected to trend around 6800.00 EUR Million in 2022 and 4600.00 EUR Million in 2023, according to our econometric models.