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. source: Federal Statistical Office
Balance of Trade in Germany averaged 5535.88 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 January of 2021.
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 6800.00 in 12 months time. In the long-term, the Germany Balance of Trade is projected to trend around 6800.00 EUR Million in 2022 and 4600.00 EUR Million in 2023, according to our econometric models.