The trade surplus in Germany fell to €9 billion in September of 2022 from €16.1 billion a year earlier. Exports were up 20.3% year-on-year to reach a new record high of €142.4 billion and imports rose at a faster 30.7% to also top an all-time high of €133.4 billion. On a seasonally adjusted basis, the German trade surplus increased to €3.7 billion from €1.2 billion in August, as exports went down 0.5% to €134.5 and imports sank 2.3% to €130.8 billion, the biggest fall since January. Sales fell 1.7% to the EU while those to countries outside the EU went up 1%, namely the US (5.6%). On the other hand, shipments to China declined 2% and to Russia 5.4%. Imports from the EU decreased 1.2% and purchases from non-EU countries were also lower (-3.4%), namely from the US (-1.3%) and Russia (-33.1%). Imports from China however, rose 5.4%. source: Federal Statistical Office
Balance of Trade in Germany averaged 5675.89 EUR Million from 1950 until 2022, 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 November of 2022.
Balance of Trade in Germany is expected to be 12800.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Balance of Trade is projected to trend around 17400.00 EUR Million in 2023 and 16200.00 EUR Million in 2024, according to our econometric models.