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.

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Germany Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-10-05 06:00 AM Aug €0.6B €4.9B €7.3B
2022-11-02 07:00 AM Sep €9B €0.3B €1.4B
2022-12-02 07:00 AM Oct €9B €9.1B


Related Last Previous Unit Reference
Balance of Trade 8978.39 300.23 EUR Million Sep 2022
Current Account 14811.33 880.37 EUR Million Sep 2022
Imports 133397.06 128391.55 EUR Million Sep 2022
Exports 142375.45 128691.78 EUR Million Sep 2022
Tourist Arrivals 3034.34 3668.48 Thousand Sep 2022
Terms of Trade 86.54 86.32 points Sep 2022

Germany Balance of Trade
Germany runs regular trade surpluses since 1952, primarily due to strong exports of vehicles and other machinery. In 2021, the largest trade surpluses were recorded with the US, France, the UK, Austria, Switzerland, Italy, Sweden, Poland and Spain; while the biggest trade deficits were recorded with China, Ireland, Norway, Vietnam, Russia, Bangladesh, the Netherlands, Japan, Malaysia and South Africa.
Actual Previous Highest Lowest Dates Unit Frequency
8978.39 300.23 25455.63 -535.91 1950 - 2022 EUR Million Monthly
Current Prices, NSA

News Stream
Germany Trade Surplus Continues to Narrow
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%.
2022-11-02
Germany Trade Surplus Back to 1992-Lows
The trade surplus in Germany narrow sharply to €600 million in August of 2022, the lowest surplus since January of 1992, compared to €11.6 billion a year earlier. Exports jumped 21.2% year-on-year to €126.7 billion and imports surged 35.7% to €126.1 billion. On a seasonally adjusted basis, Germany trade surplus also narrowed to €1.2 billion from a downwardly revised €3.4 billion in July. Exports increased 1.6% to € 131.1 billion, of which €72.8 billion went to the European Union, down 0.8% from July. Outside the EU, shipments to the US surged 12% to €13.8 billion and 2.9% to China (to €9.2 billion). Imports were up 3.4% from July to €131.9 billion, with purchases from the EU rising 2.5% to €43.2 billion. Outside the EU, most imports came from China (up by 2.2%) and the US (5.3%).
2022-10-05
German Trade Surplus Narrows Sharply
The trade surplus in Germany declined sharply to €4.9 billion in July of 2022 from €17.8 billion a year earlier, as imports surged 26.1% to €122.7 billion and exports rose at a much softer 10.8% to €127.6 billion. Exports to Russia accounted for €1.0 billion, with the country ranking 25th among the major countries of destination for German exports, compared to 14th a year earlier. On a seasonally adjusted basis, the country posted a trade surplus of €5.4 billion, lower than a downwardly revised of €6.2 surplus a month earlier, but beating market forecasts of a €4.8 billion surplus. Exports fell 2.1% to €131.3 billion compared to June while imports dropped 1.5% to €125.9 billion. Exports to Russia dropped 15.1% and imports 17.4%; sales to the EU countries climbed 1.0% while imports went down 1.2%; shipments to the US declined 13.7% and imports 7.6%; exports to China decreased 0.3% and imports 11.5%; and sales to the UK fell 4.6% while purchases increased 8.3%.
2022-09-02