Germany Trade Balance

Country:
Germany
EUR, Euro
Sector:
Trade
Medium €19.2 B €19.1 B
€18.7 B
Last release Importance Actual Forecast
Previous
€18.4 B
€19.2 B
Next release Actual Forecast
Previous
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Germany's exports and imports of tangible goods are summarized in the trade balance sheet. The Federal Statistical Office in Wiesbaden records exports and imports within the EU separately from those with non-EU countries and then consolidates them. If Germany exports more, the trade balance shows a surplus, otherwise a trade deficit. The trade balance, which comprises the services balance, the factor income account and the current transfers balance, is recorded in the current account, which in turn is part of the balance of payments.

If exports exceed imports, measured in monetary terms, within a given period (usually one year), this is a positive sign of the country's competitiveness. Then one also says active or positive trade balance. If a country's currency is devalued, imported products become more expensive, imports fall, while exported goods become cheaper abroad, exports rise. As a rule, however, this effect is delayed.

Germany's economy is strongly export-oriented, but at the same time heavily dependent on foreign raw materials. With a share of almost 20%, the motor vehicle sector is the most important export product. This is followed by machinery and chemicals. The three together cover almost half of Germany's exports.

Since a too high export surplus could endanger the stability of a member compared to other EU states, a limit was agreed with 6% of the gross domestic product or 3%, if the national budget shows a deficit. If this limit is exceeded, an examination can be initiated, which could lead to criminal proceedings, which has not yet been the case. Since the 1990s, the Federal Republic of Germany has continuously recorded an export surplus.

Since about two thirds of the German trade surplus is generated within the EU and only one third with other countries, the influence on the euro is rather small. Moreover, the effect of a change in the trade balance is not clear and depends on other factors. On the other hand, a rising trade surplus points to a successful economy, which could have an impact on exchange rates.

Last values:

actual data

forecast

The chart of the entire available history of the "Germany Trade Balance" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Sep 2019
€19.2 B
€19.1 B
€18.7 B
Aug 2019
€18.1 B
€18.6 B
€20.5 B
Jul 2019
€20.2 B
€18.6 B
€17.9 B
Jun 2019
€18.1 B
€18.8 B
€18.7 B
May 2019
€18.7 B
€19.8 B
€17 B
Apr 2019
€17 B
€20.5 B
€19.9 B
Mar 2019
€20 B
€18.2 B
€18.7 B
Feb 2019
€18.6 B
€18.9 B
€18.6 B
Jan 2019
€18.5 B
€21 B
€19.9 B
Dec 2018
€19.4 B
€16.4 B
€18.9 B
Nov 2018
€19 B
€17.5 B
€17.9 B
Oct 2018
€17.3 B
€18 B
€17.7 B
Sep 2018
€17.6 B
€18.2 B
Aug 2018
€18.3 B
€15.9 B
Jul 2018
€15.8 B
€19.3 B
Jun 2018
€19.3 B
€20.3 B
May 2018
€20.3 B
€19.4 B
Apr 2018
€19.4 B
€21.6 B
Mar 2018
€22 B
€19.2 B
Feb 2018
€19.2 B
€21.3 B
Jan 2018
€21.3 B
€21.4 B
Dec 2017
€21.4 B
€22.3 B
Nov 2017
€22.3 B
€19.9 B
Oct 2017
€19.9 B
€21.9 B
Sep 2017
€21.8 B
€21.3 B
Aug 2017
€21.6 B
€19.3 B
Jul 2017
€19.5 B
€21.2 B
Jun 2017
€21.2 B
€20.3 B
May 2017
€20.3 B
€19.7 B
Apr 2017
€19.8 B
€19.9 B
Mar 2017
€19.6 B
€21.2 B
Feb 2017
€21 B
€18.9 B
Jan 2017
€18.5 B
€18.7 B
Dec 2016
€18.4 B
€21.8 B
Nov 2016
€21.7 B
€20.6 B
Oct 2016
€20.5 B
€21.1 B
Sep 2016
€21.3 B
€21.6 B
Aug 2016
€22.2 B
€19.4 B
Jul 2016
€19.4 B
€21.4 B
Jun 2016
€21.7 B
€22.1 B
May 2016
€22.2 B
€24.1 B
Apr 2016
€24 B
€23.7 B
Mar 2016
€23.6 B
€20 B
Feb 2016
€19.8 B
€18.7 B
Jan 2016
€18.9 B
€20.3 B
Dec 2015
€18.8 B
€20.5 B
Nov 2015
€19.7 B
€20.5 B
Oct 2015
€20.8 B
€19.2 B
Sep 2015
€19.4 B
€19.6 B
Aug 2015
€19.6 B
€22.4 B

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