Germany Trade Balance

Country:
Germany
EUR, Euro
Sector:
Trade
Medium €6.4 B €1.3 B
€0.8 B
Last release Importance Actual Forecast
Previous
€2.7 B
€6.4 B
Next release Actual Forecast
Previous
  • Overview
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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
Jun 2022
€6.4 B
€1.3 B
€0.8 B
May 2022
€-1.0 B
€3.4 B
€3.1 B
Apr 2022
€3.6 B
€7.4 B
€1.9 B
Mar 2022
€3.2 B
€10.5 B
€11.1 B
Feb 2022
€11.6 B
€5.1 B
€8.8 B
Jan 2022
€9.4 B
€8.8 B
€8.1 B
Dec 2021
€6.8 B
€11.7 B
€10.8 B
Nov 2021
€10.9 B
€12.8 B
€12.4 B
Oct 2021
€12.5 B
€13.1 B
€12.9 B
Sep 2021
€13.2 B
€15.4 B
€14.1 B
Aug 2021
€13.0 B
€15.8 B
€17.7 B
Jul 2021
€17.9 B
€13.1 B
€13.5 B
Jun 2021
€13.6 B
€14.2 B
€12.8 B
May 2021
€12.6 B
€15.0 B
€15.6 B
Apr 2021
€15.8 B
€16.7 B
€14.0 B
Mar 2021
€14.3 B
€20.8 B
€18.9 B
Feb 2021
€19.2 B
€19.3 B
€21.3 B
Jan 2021
€22.3 B
€16.2 B
€16.4 B
Dec 2020
€16.1 B
€18.0 B
€15.9 B
Nov 2020
€16.4 B
€12.2 B
€18.2 B
Oct 2020
€18.2 B
€21.2 B
€17.6 B
Sep 2020
€17.8 B
€11.8 B
€15.4 B
Aug 2020
€15.7 B
€23.5 B
€18.0 B
Jul 2020
€18.0 B
€11.0 B
€14.5 B
Jun 2020
€14.5 B
€8.9 B
€7.5 B
May 2020
€7.5 B
€10.0 B
€3.4 B
Apr 2020
€3.2 B
€14.1 B
€12.8 B
Mar 2020
€12.7 B
€19.6 B
€21.4 B
Feb 2020
€21.6 B
€18.5 B
€18.7 B
Jan 2020
€18.5 B
€19.2 B
€19.0 B
Dec 2019
€19.2 B
€19.1 B
€18.5 B
Nov 2019
€18.2 B
€20.4 B
€20.4 B
Oct 2019
€20.6 B
€18.4 B
€19.2 B
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
€17.0 B
Apr 2019
€17.0 B
€20.5 B
€19.9 B
Mar 2019
€20.0 B
€18.2 B
€18.7 B
Feb 2019
€18.6 B
€18.9 B
€18.6 B
Jan 2019
€18.5 B
€21.0 B
€19.9 B
Dec 2018
€19.4 B
€16.4 B
€18.9 B
Nov 2018
€19.0 B
€17.5 B
€17.9 B
Oct 2018
€17.3 B
€18.0 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

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