Germany's trade surplus declined to EUR 12.8 billion in August 2020, from EUR 16.4 billion in the same month of the previous year, as the coronavirus pandemic hit global demand. Exports dropped 10.2 percent due to lower sales to the European Union (-7 percent) and to third countries (-13.6 percent), in particular the UK (-7.3 percent), the US (-21.1 percent) and China (-1.1 percent). Imports fell at a softer 7.9 percent, as purchases from the EU dropped 5.4 percent and those from third countries tumbled 10.5 percent. Among these, imports fell from the UK (-22.2 percent) and the US (-5.2 percent), while imports from China were unchanged. On a seasonally adjusted basis, exports rose 2.4 percent from a month earlier, beating expectations of 1.4 percent, while imports were up 5.8 percent, compared to forecasts of a 1.4 percent gain.

Balance of Trade in Germany averaged 5488.40 EUR Million from 1950 until 2020, 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 October of 2020. source: Federal Statistical Office

Balance of Trade in Germany is expected to be 9400.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Germany to stand at 1800.00 in 12 months time. In the long-term, the Germany Balance of Trade is projected to trend around 6800.00 EUR Million in 2021 and 4600.00 EUR Million in 2022, according to our econometric models.

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Germany Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
12751.00 19202.48 25455.63 -535.91 1950 - 2020 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-09 06:00 AM May €7.1B €3.6B €21.1B
2020-08-07 06:00 AM Jun €15.6B €7.0B € 1.4B
2020-09-08 06:00 AM Jul €19.2B €15.6B €22B
2020-10-08 06:00 AM Aug €12.8B €19.2B €17.4B
2020-11-09 07:00 AM Sep €12.8B € 27.9B
2020-12-09 07:00 AM Oct €23.2B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
German Trade Surplus Smallest in 3 Months
Germany's trade surplus declined to EUR 12.8 billion in August 2020, from EUR 16.4 billion in the same month of the previous year, as the coronavirus pandemic hit global demand. Exports dropped 10.2 percent due to lower sales to the European Union (-7 percent) and to third countries (-13.6 percent), in particular the UK (-7.3 percent), the US (-21.1 percent) and China (-1.1 percent). Imports fell at a softer 7.9 percent, as purchases from the EU dropped 5.4 percent and those from third countries tumbled 10.5 percent. Among these, imports fell from the UK (-22.2 percent) and the US (-5.2 percent), while imports from China were unchanged. On a seasonally adjusted basis, exports rose 2.4 percent from a month earlier, beating expectations of 1.4 percent, while imports were up 5.8 percent, compared to forecasts of a 1.4 percent gain.
2020-10-08
German Trade Surplus Narrows in July
Germany's trade surplus declined to EUR 19.2 billion in July 2020 from EUR 21.3 billion in the same month of the previous year, as the coronavirus pandemic hit global demand. Exports dropped 11 percent due to lower sales to the European Union (-10.7 percent) and to third countries (-12.5 percent), in particular to the UK (-12.6 percent), the US (-17.0 percent) and China (-0.1 percent). Imports fell at a faster 11.3 percent, as purchases from the EU plunged 13.1 percent and those from third countries declined 12.2 percent. Among non-EU countries, imports slumped from the UK (-24.8 percent) and the US (-14.8 percent), but were up from China (7.4 percent). On a seasonally adjusted basis, exports rose 4.7 percent in July, below expectations of 5 percent, while imports increased 1.1 percent, compared to forecasts of a 3.3 percent gain.
2020-09-08
German Trade Surplus Narrows in June
Germany's trade surplus narrowed to EUR 15.6 billion in June 2020 from EUR 16.5 billion in the same month of the previous year, as the coronavirus pandemic hit global demand. Exports dropped 9.4 percent due to lower sales to the European Union (-11 percent) and to third countries (-7.4 percent), in particular to the UK (-15.7 percent) and the US (-20.7 percent), but rose to China (15.4 percent). Imports fell at a faster 10 percent, as purchases from the EU plunged 10.6 percent and those from third countries declined 9.3 percent. Among non-EU countries, imports slumped from the UK (-21 percent) and the US (-17.4 percent), but were up from China (20.2 percent). On a seasonally adjusted basis, exports surged 14.9 percent in June, the most since the 1990s and above expectations of 13.3 percent, while imports rose 7 percent, compared to forecasts of a 10.9 percent surge.
2020-08-07
German Trade Surplus Narrows in May
Germany's trade surplus narrowed sharply to EUR 7.1 billion in May 2020 from EUR 20.7 billion in the same month of the previous year, as the coronavirus pandemic hit global demand. Exports tumbled 29.7 percent due to lower sales to the European Union (-29 percent) and to third countries (-30.5 percent), in particular to the UK (-46.9 percent), the US (-36.5 percent) and China (-12.3 percent). Imports slumped 21.7 percent, as purchases from the EU plunged 25.2 percent and those from third countries fell 17.5 percent. Among non-EU countries, imports were down from the UK (-20.3 percent) and the US (-26.9 percent), but were up from China (23.4 percent). On a seasonally adjusted basis, exports rebounded 9 percent in May, missing market forecasts of a 13.8 percent recovery, while imports rose 3.5 percent, also less than an expected 12 percent jump.
2020-07-09

Germany Balance of Trade
Germany runs regular trade surpluses since 1952, primarily due to strong exports of vehicles and other machinery. In 2017, the largest trade surpluses were recorded with the US, the UK, France, Austria, Spain, Sweden and the UAE; while the biggest trade deficits were recorded with China, Vietnam, Norway, Russia, the Netherlands, Ireland and Czech Republic.