The German trade surplus widened slightly to EUR 20.6 billion in May 2019 from EUR 20.0 billion in the same month a year earlier, as exports advanced 4.5 percent to EUR 113.9 billion and imports rose 4.9 percent to EUR 93.4 billion. Balance of Trade in Germany averaged 5299.40 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 17200.00 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
2019-04-08 06:00 AM Balance of Trade Feb €17.9B €14.6B €16.5B
2019-05-10 06:00 AM Balance of Trade Mar €22.7B €18.0B €20.0B
2019-06-07 06:00 AM Balance of Trade Apr €17.9B €22.6B €17.2B
2019-07-08 06:00 AM Balance of Trade May €20.6B €17.9B €15.9B
2019-08-09 06:00 AM Balance of Trade Jun €20.6B € 16.6B
2019-09-09 06:00 AM Balance of Trade Jul €12.9B
2019-10-10 06:00 AM Balance of Trade Aug €14.1B



German Trade Surplus Widens in May

The German trade surplus widened slightly to EUR 20.6 billion in May 2019 from EUR 20.0 billion in the same month a year earlier.

Exports increased by 4.5 percent year-on-year to EUR 113.9 billion in May. Sales to the EU grew by 0.6 percent to EUR 66.1 billion, of which Euro area (3.8 percent to EUR 42.3 billion) and non-Euro area countries (-4.8 percent to EUR 23.8 billion). In addition, exports to countries outside the EU jumped 10.4 percent to EUR 47.9 billion.

Imports rose by 4.9 percent to EUR 93.4 billion. Purchases from the EU went up 4.7 percent to EUR 54.2 billion, of which Euro area (8.7 percent to EUR 35.8 billion) and non-Euro area countries (-2.3 percent to EUR 18.4 billion). Also, imports from countries outside the EU rose 5.1 percent to EUR 39.2 billion.

Considering the first five months of 2019, the trade surplus narrowed to EUR 93.3 billion from EUR 100.4 billion in the corresponding period a year earlier.

On a seasonally adjusted basis, the trade surplus increased to EUR 18.7 billion in May from a revised EUR 16.9 billion in April, beating market consensus of EUR 17 billion. Exports rose by 1.1 percent, above expectations of a 0.5 percent growth; while imports fell unexpectedly by 0.5 percent, against consensus of a 0.3 percent gain.


Destatis | Rida Husna | rida@tradingeconomics.com
7/8/2019 11:40:45 AM


News

German Trade Surplus Narrows as Exports Fall
The German trade surplus narrowed to EUR 17.9 billion in April 2019 from EUR 20.4 billion in the same month a year earlier.
Published on 2019-06-07

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.
Published on 2019-05-10

German Trade Surplus Narrows Slightly in February
The German trade surplus narrowed slightly to EUR 17.9 billion in February 2019 from EUR 18.3 billion in the same month a year earlier.
Published on 2019-04-08

German Trade Surplus Narrows in January
The German trade surplus decreased to EUR 14.5 billion in January 2019 from EUR 17.2 billion in the same month a year earlier, as imports rose 5.0 percent to EUR 94.4 billion, while exports grew at a softer 1.7 percent to EUR 108.9 billion.
Published on 2019-03-11



Germany Trade Last Previous Highest Lowest Unit
Balance of Trade 20600.00 17900.00 25455.63 -535.91 EUR Million [+]
Current Account 16500.00 22900.00 32686.70 -9353.00 EUR Million [+]
Current Account to GDP 7.30 8.00 8.50 -1.80 percent [+]
Imports 93367.00 92113.05 98535.37 346.78 EUR Million [+]
Exports 113936.00 110005.71 118440.95 226.39 EUR Million [+]
External Debt 4994410.00 4849468.00 4994410.00 1929687.00 EUR Million [+]
Capital Flows 10541.04 16898.25 46159.18 -28680.00 EUR Million [+]
Foreign Direct Investment 11885.30 12085.48 141351.68 -32189.54 EUR Million [+]
Gold Reserves 3367.90 3369.70 3468.60 3367.90 Tonnes [+]
Terms Of Trade 99.71 99.81 105.65 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 1277.00 1980.00 3311.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
20600.00 17900.00 25455.63 -535.91 1950 - 2019 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan 589.46 Jun/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 3251.00 Jun/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19


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