The Germany trade surplus narrowed slightly to €18.1 billion in February of 2021 from €20.3 billion a year earlier. Exports declined 1.2 percent year-on-year to €107.8 billion while imports rose 0.9 percent to €89.7 billion. Sales to the EU countries edged down 0.3 percent, of which those to the Euro Area declined 0.9 percent. Imports from the EU rose 0.9 percent, mainly due to countries outside the Euro Area (3.7 percent) while those from the Eurozone fell 0.6 percent. Shipments to third countries were down 2.3 percent, namely to the US (-0.6 percent) while those to China surged (25.7 percent). Imports from third countries were up 1.1 percent, namely from China (32.5 percent) while those from the US sank 12.6 percent. source: Federal Statistical Office
Balance of Trade in Germany averaged 5571.13 EUR Million from 1950 until 2021, 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 April of 2021.
Balance of Trade in Germany is expected to be 17600.00 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 3800.00 in 12 months time. In the long-term, the Germany Balance of Trade is projected to trend around 4600.00 EUR Million in 2022 and 6400.00 EUR Million in 2023, according to our econometric models.