|Medium||€19.2 B||€19.3 B||
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.
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.
Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.
The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.