Germany Balance of Trade  1950-2018 | Data | Chart | Calendar | Forecast

The German trade surplus fell to EUR 19.7 billion in May 2018 from EUR 21.8 billion in the same month a year earlier, as exports declined while imports rose. Balance of Trade in Germany averaged 5102.99 EUR Million from 1950 until 2018, 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.

Germany Balance of Trade
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German Trade Surplus Narrows in May


The German trade surplus fell to EUR 19.7 billion in May 2018 from EUR 21.8 billion in the same month a year earlier, as exports declined while imports rose.

Exports dropped by 1.3 percent from a year earlier to EUR 109.1 billion in May, as sales to countries outside the EU decreased by 6.4 percent to EUR 43.4 billion due to a stronger euro. Meanwhile, exports to the EU grew by 2.4 percent to EUR 65.7 billion, of which Euro area countries (0.1 percent to EUR 40.8 billion) and other European countries (6.5 percent to EUR 24.9 billion). 

On the other hand, imports increased by 0.8 percent to EUR 89.4 billion, as purchases from the EU went up 2.9 percent to EUR 51.8 billion, of which Euro area countries (0.6 percent to EUR 32.9 billion) and other European countries (7 percent to EUR 18.9 billion). Meantime, inbound shipments from countries outside the EU declined by 1.9 percent to EUR 37.6 billion. 

On a seasonally adjusted basis, the trade surplus increased to EUR 20.3 billion in May from a downwardly revised EUR 19.0 billion in April and slightly above market expectations of EUR 20.0 billion. Exports went up by 1.8 percent in May, recovering from a 0.3 percent fall in April and beating forecasts of a 0.75 percent gain. Imports grew at a softer 0.7 percent, following an upwardly revised 2.6 percent growth in April and compared with market consensus of a 0.3 percent fall.

In the first five months of the year, the trade surplus widened to EUR 99.9 billion from EUR 99.2 billion in the same period of 2017.


Destatis | Rida | rida@tradingeconomics.com
7/9/2018 10:24:16 AM


Recent Releases

German Trade Surplus Widens in April
The German trade surplus increased to EUR 20.4 billion in April of 2018 from EUR 17.8 billion in the same month a year earlier, as exports rose more than imports.
Published on 2018-06-08

German Trade Surplus Little-Changed in March
The German trade surplus came in at EUR 25.2 billion in March of 2018, little-changed from the previous year's EUR 25.1 billion, as exports fell less than imports.
Published on 2018-05-08

German Trade Surplus Narrows in February
The German trade surplus fell to EUR 18.4 billion in February of 2018 from EUR 19.8 billion in the same month a year earlier, as exports rose less than imports.
Published on 2018-04-09

German Trade Surplus Widens in January
The German trade surplus increased to EUR 17.4 billion in January of 2018 from EUR 14.6 billion in the same month a year earlier, as exports rose more than imports.
Published on 2018-03-09



Calendar GMT Actual Previous Consensus TEForecast
2018-05-08 06:00 AM Balance of Trade €25.2B €18.5B €24.5B
2018-06-08 06:00 AM Balance of Trade €20.4B €24.7B €18.7B
2018-07-09 06:00 AM Balance of Trade €19.7B €20.1B €21.2B
2018-08-07 06:00 AM Balance of Trade €19.7B € 24.5B
2018-09-07 06:00 AM Balance of Trade €18.4B
2018-10-09 06:00 AM Balance of Trade €19.1B


Germany Trade Last Previous Highest Lowest Unit
Balance of Trade 19669.00 20080.05 25455.63 -535.91 EUR Million [+]
Exports 109098.00 110281.93 118173.58 226.39 EUR Million [+]
Imports 89429.00 90201.88 93035.90 346.78 EUR Million [+]
Current Account 12600.00 23500.00 32718.50 -13042.00 EUR Million [+]
External Debt 4648614.00 4583404.00 4831883.00 1929687.00 EUR Million [+]
Current Account to GDP 8.00 8.50 8.90 -1.70 percent [+]
Capital Flows -3448.05 27778.01 46686.40 -28680.00 EUR Million [+]
Foreign Direct Investment 4802.00 11774.00 141351.00 -32189.00 EUR Million [+]
Gold Reserves 3371.00 3373.60 3468.60 3371.00 Tonnes [+]
Terms Of Trade 102.78 103.89 110.07 76.60 Index Points [+]
Terrorism Index 4.92 4.31 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 40.00 43.00 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
19669.00 20080.05 25455.63 -535.91 1950 - 2018 EUR Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 827.00 May/18
Brazil 5881.58 Jun/18
Canada -2771.20 May/18
China 416.13 Jun/18
Euro Area 16704.70 Apr/18
France -6005.00 May/18
Germany 19669.00 May/18
India -16600.00 Jun/18
Indonesia -1523.60 May/18
Italy 2937.96 Apr/18
Japan -578.32 May/18
Mexico -1587.00 May/18
Netherlands 5030.00 May/18
Russia 15151.00 May/18
South Korea 6331.21 Jun/18
Spain -3050045.00 Apr/18
Switzerland 2255.00 May/18
Turkey -7759.34 May/18
United Kingdom -2790.00 May/18
United States -43053.00 May/18


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