The Germany trade surplus narrowed slightly to €18.1 billion in February of 2021 from €20.3 billion a year earlier. Exports declined 1.2 percent year-on-year to €107.8 billion while imports rose 0.9 percent to €89.7 billion. Sales to the EU countries edged down 0.3 percent, of which those to the Euro Area declined 0.9 percent. Imports from the EU rose 0.9 percent, mainly due to countries outside the Euro Area (3.7 percent) while those from the Eurozone fell 0.6 percent. Shipments to third countries were down 2.3 percent, namely to the US (-0.6 percent) while those to China surged (25.7 percent). Imports from third countries were up 1.1 percent, namely from China (32.5 percent) while those from the US sank 12.6 percent. source: Federal Statistical Office

Balance of Trade in Germany averaged 5571.13 EUR Million from 1950 until 2021, 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 April of 2021.

Balance of Trade in Germany is expected to be 17600.00 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 3800.00 in 12 months time. In the long-term, the Germany Balance of Trade is projected to trend around 4600.00 EUR Million in 2022 and 6400.00 EUR Million in 2023, according to our econometric models.

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Germany Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
18100.00 13800.00 25455.63 -535.91 1950 - 2021 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-08 07:00 AM Nov €17.2B €19.4B €17.6B
2021-02-09 07:00 AM Dec €14.8B €16.7B €16.2B
2021-03-09 07:00 AM Jan €14.3B €15.2B €12.4B
2021-04-09 06:00 AM Feb €18.1B €13.8B €21.5B
2021-05-07 06:00 AM Mar € 17.6B
2021-06-09 06:00 AM Apr
2021-07-08 06:00 AM May
2021-08-09 06:00 AM Jun € 1.8B


News Stream
Germany Trade Surplus Narrows as Imports Rise
The Germany trade surplus narrowed slightly to €18.1 billion in February of 2021 from €20.3 billion a year earlier. Exports declined 1.2 percent year-on-year to €107.8 billion while imports rose 0.9 percent to €89.7 billion. Sales to the EU countries edged down 0.3 percent, of which those to the Euro Area declined 0.9 percent. Imports from the EU rose 0.9 percent, mainly due to countries outside the Euro Area (3.7 percent) while those from the Eurozone fell 0.6 percent. Shipments to third countries were down 2.3 percent, namely to the US (-0.6 percent) while those to China surged (25.7 percent). Imports from third countries were up 1.1 percent, namely from China (32.5 percent) while those from the US sank 12.6 percent.
2021-04-09
Germany Trade Surplus Rises Slightly
Germany's trade surplus increased slightly to €14.3 billion in January of 2021 from €13.7 billion a year earlier. Exports sank 8 percent year-on-year to €98.1 billion, the biggest drop since August and imports decreased 9.8 percent to €83.8 billion, also the lowest value since August. Sales to the EU countries dropped 6 percent, of which those to the Euro Area countries declined 6.5 percent and imports from the EU went down 5.9 percent, of which purchases from the Euro Area fell 7.4 percent. Shipments to third countries plunged 10.3 percent, namely those to China (-29 percent) and imports from those countries by 13.9 percent, namely those from China (-56.2 percent). After calendar and seasonal adjustment, exports were 3.3 percent and imports 5.2 percent lower than in February 2020, the month before restrictions were imposed due to the coronavirus pandemic in Germany.
2021-03-09
Germany Trade Surplus Little Changed in December
German trade surplus was little changed at €14.8 billion in December of 2020 from €15.1 billion a year earlier. Exports jumped 2.7 percent to €100.7 billion, mainly boosted by sales to China (11.6%) and to the US (8.4%) which was the 1st increase in German exports to the US since February. Imports rose at a faster 3.5 percent to €85.9 billion. Adjusted for calendar and seasonal effects, exports were 4.6 percent and imports 0.1 percent lower than in February of 2020, the month before restrictions were imposed due to the coronavirus pandemic. Considering full 2020, exports declined 9.3% to €1205 billion and imports 7.1% to €1026 billion, thus narrowing the trade gap to €179.1 billion from €224 billion in 2019. It is largest year-on-year decreases in both exports and imports since the financial and economic crisis in 2009. The majority of German goods were exported to the US in 2020 although sales were down 12.5%. Most imports came from China and purchases rose 5.6%.
2021-02-09
Germany Trade Surplus Narrows Again in November
The trade surplus in Germany narrowed slightly once again to EUR 17.2 billion in November of 2020 from EUR 18.5 billion a year earlier. Exports decreased 1.3 percent to EUR 111.7 billion, the 9th straight annual decline and imports edged down 0.1 percent to EUR 94.6 billion. Sales to the EU declined 1.7 percent and those to the Euro Area were down 2.2 percent. Shipments to China increased 14.3 percent while those to the US fell 3.1 percent. Imports from the EU went up 2.6 percent and those from China 5.4 percent while purchases from the US fell 1.5 percent. Adjusted for calendar and seasonal effects, exports were still 4.7 percent and imports 0.6 percent lower than in February of 2020, the month before restrictions were imposed due to the coronavirus pandemic.
2021-01-08

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.