The trade surplus in Germany widened to €18.7 billion in June 2023 from an upwardly revised €14.6 billion in May and beating market forecasts of €15 billion. It is the biggest surplus since January 2021, as imports declined 3.4% to €112.6 billion while exports edged 0.1% higher to €131.3 billion. Exports to EU countries rose by 1.3%, of which those to the Euro Area went up 1.8%. Imports from EU countries however, fell 3.1% with those from the Euro Area decreasing 4.1%. Exports to countries outside the EU declined by 1.1% mainly sales to the US (-0.2%), China (-5.9%), the UK (-0.2%) and Russia (-2.3%) while imports from third countries fell 3.7%, namely from the US (-1.2%) and the UK (-4.4%). On the other hand, purchases from China (5.3%) and Russia (16.5%) increased. Compared to a year earlier, total exports went down 1.9% while imports sank 11.6%. source: Federal Statistical Office

Balance of Trade in Germany averaged 6.85 EUR Billion from 1962 until 2023, reaching an all time high of 23.14 EUR Billion in April of 2016 and a record low of -0.39 EUR Billion in May 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 August of 2023.

Balance of Trade in Germany is expected to be 16.00 EUR Billion 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 12.00 EUR Billion in 2024 and 14.00 EUR Billion in 2025, according to our econometric models.

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Germany Balance of Trade



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-04 06:00 AM May €14.4B €16.5B €17.5B €19.1B
2023-08-03 06:00 AM Jun €18.7B €14.6B €15B € 16.0B
2023-09-04 06:00 AM Jul €18.7B €19.1B


Related Last Previous Unit Reference
Balance of Trade 18.71 14.57 EUR Billion Jun 2023
Current Account 29579.34 8168.99 EUR Million Jun 2023
Imports 112.84 116.52 EUR Billion Jun 2023
Exports 131.55 131.09 EUR Billion Jun 2023
Terms of Trade 98.31 98.08 points Jul 2023
Tourist Arrivals 3297.29 3103.94 Thousand Jun 2023

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
18.71 14.57 23.14 -0.39 1962 - 2023 EUR Billion Monthly
Current Prices, SA

News Stream
Germany Trade Surplus Largest since 2021
The trade surplus in Germany widened to €18.7 billion in June 2023 from an upwardly revised €14.6 billion in May and beating market forecasts of €15 billion. It is the biggest surplus since January 2021, as imports declined 3.4% to €112.6 billion while exports edged 0.1% higher to €131.3 billion. Exports to EU countries rose by 1.3%, of which those to the Euro Area went up 1.8%. Imports from EU countries however, fell 3.1% with those from the Euro Area decreasing 4.1%. Exports to countries outside the EU declined by 1.1% mainly sales to the US (-0.2%), China (-5.9%), the UK (-0.2%) and Russia (-2.3%) while imports from third countries fell 3.7%, namely from the US (-1.2%) and the UK (-4.4%). On the other hand, purchases from China (5.3%) and Russia (16.5%) increased. Compared to a year earlier, total exports went down 1.9% while imports sank 11.6%.
2023-08-03
German Trade Surplus Smallest in 5 Months
Germany's trade surplus narrowed to EUR 14.4 billion in May 2023, compared to a downwardly revised EUR 16.5 billion in the previous month and lower than market expectations of EUR 17.5 billion. It was the smallest trade surplus since last December, as exports fell while imports rose for the first time in three months. Exports unexpectedly edged down 0.1 percent month-on-month to EUR 130.5 billion, missing the market consensus of a 0.3 percent rise. Sales dropped by 1.5% to the EU while to countries outside the EU rose by 1.5%, namely China (1.6%) and the UK (5.8%). However, they fell to the US by 3.6%. Meanwhile, imports grew by 1.7% to a three-month high of EUR 116.1 billion, compared with the market forecasts of a 3.1% growth. Purchases from EU countries increased by 3.5% while those from non-EU countries shrank 0.3%, namely the US (-5.7%), and Russia (-17.3%). By contrast, they increased from China (2.7%) and the UK (15.3%).
2023-07-04
Germany Posts Largest Trade Surplus in 2 Years
Germany's trade surplus widened to EUR 18.4 billion in April 2023, compared to a downwardly revised EUR 14.9 billion in the previous month and surpassing market expectations of EUR 16.0 billion. It was the largest trade surplus since January 2021, driven by a 1.2 percent increase in exports, primarily due to higher sales to the EU (4.5 percent). Conversely, exports to countries outside the EU decreased by 2.4 percent, with notable declines in sales to Russia (17.8 percent) and the UK (5.2 percent). However, exports to the US and China saw positive growth, rising by 4.7 percent and 10.1 percent, respectively. On the import side, there was a 1.7 percent decline, bringing imports to the lowest level since January 2022. Purchases from the EU dropped by 0.4 percent, while imports from third countries fell by 3 percent. Within third countries, imports declined from Russia (-7.6 percent) and the UK (-6.4 percent), but increased from China (1.9 percent) and the US (2.9 percent).
2023-06-05