The German trade surplus narrowed to EUR 22.7 billion in March 2019 from EUR 24.6 billion in the same month a year earlier, as imports climbed 4.5 percent from a year earlier to EUR 95.6 billion while exports rose at a softer 1.9 percent to EUR 118.3 billion. Balance of Trade in Germany averaged 5266 EUR Million from 1950 until 2019, 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.

Balance of Trade in Germany is expected to be 16600.00 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 20000.00 in 12 months time. In the long-term, the Germany Balance of Trade is projected to trend around 6800.00 EUR Million in 2020, according to our econometric models.

Germany Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-08 07:00 AM Balance of Trade €13.9B €20.4B €15.1B
2019-03-11 07:00 AM Balance of Trade €14.5B €14.3B €14.4B
2019-04-08 06:00 AM Balance of Trade €17.9B €14.6B €16.5B
2019-05-10 06:00 AM Balance of Trade €22.7B €18.0B €20.0B
2019-06-07 06:00 AM Balance of Trade €22.7B €17.2B
2019-07-08 06:00 AM Balance of Trade €15.9B
2019-08-09 06:00 AM Balance of Trade €16.6B



German Trade Surplus Narrows in March

The German trade surplus narrowed to EUR 22.7 billion in March 2019 from EUR 24.6 billion in the same month a year earlier.

Imports rose 4.5 percent from a year earlier to EUR 95.6 billion in March. Purchases from the EU went up 5.5 percent to EUR 56.6 billion, of which Euro area (5.6 percent to EUR 36.9 billion) and non-Euro area countries (5.3 percent to EUR 19.7 billion). In addition, imports from countries outside the EU grew 3.1 percent to EUR 39.0 billion. 

Meanwhile, exports advanced at a slower 1.9 percent to EUR 118.3 billion. Sales to the EU increased 2.5 percent to EUR 70.5 billion, of which Euro area (0.5 percent to EUR 44.5 billion) and non-Euro area countries (6.0 percent to EUR 26.0 billion). Also, exports to countries outside the EU went up 1.1 percent to EUR 47.8 billion.

Considering the first three months of 2019, the trade surplus narrowed to EUR 55.2 billion from EUR 60.0 billion in the corresponding period a year earlier.

On a seasonally adjusted basis, the trade surplus rose to EUR 20 billion in March from EUR 18.7 billion in February and beating market consensus of EUR 18.2 billion.  Exports grew unexpectedly by 1.5 percent, beating expectations of a 0.3 percent decline; while imports went up  0.4 percent, slightly below consensus of a 0.5 percent rise.


Destatis | Rida Husna | rida@tradingeconomics.com
5/10/2019 1:22:07 PM



Germany Trade Last Previous Highest Lowest Unit
Balance of Trade 22683.00 17953.99 25455.63 -535.91 EUR Million [+]
Current Account 30217.35 17530.15 32686.70 -9353.00 EUR Million [+]
Current Account to GDP 7.30 8.00 8.50 -1.80 percent [+]
Imports 95627.00 90922.05 98535.39 346.78 EUR Million [+]
Exports 118310.00 108876.04 118310.00 226.39 EUR Million [+]
External Debt 4849468.00 4886438.00 4886438.00 1929687.00 EUR Million [+]
Capital Flows 13818.76 21204.56 46159.18 -28680.00 EUR Million [+]
Foreign Direct Investment -3082.52 7910.64 141351.68 -32189.54 EUR Million [+]
Gold Reserves 3369.70 3369.70 3468.60 3369.70 Tonnes [+]
Terms Of Trade 99.90 99.80 105.65 73.51 Index Points [+]
Terrorism Index 4.60 4.92 4.92 1.77 [+]
Tourist Arrivals 37452.00 35595.00 37452.00 14347.00 Thousand [+]
Weapons Sales 1653.00 2535.00 3310.00 12.00 USD Million [+]
Crude Oil Production 39.00 38.00 79.00 38.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Germany Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Germany Balance of Trade - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
22683.00 17953.99 25455.63 -535.91 1950 - 2019 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 1183.00 Mar/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.39 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 528.50 Mar/19
Mexico 1429.00 Mar/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2627773.00 Feb/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19


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