The trade surplus in Germany declined sharply to €4.9 billion in July of 2022 from €17.8 billion a year earlier, as imports surged 26.1% to €122.7 billion and exports rose at a much softer 10.8% to €127.6 billion. Exports to Russia accounted for €1.0 billion, with the country ranking 25th among the major countries of destination for German exports, compared to 14th a year earlier. On a seasonally adjusted basis, the country posted a trade surplus of €5.4 billion, lower than a downwardly revised of €6.2 surplus a month earlier, but beating market forecasts of a €4.8 billion surplus. Exports fell 2.1% to €131.3 billion compared to June while imports dropped 1.5% to €125.9 billion. Exports to Russia dropped 15.1% and imports 17.4%; sales to the EU countries climbed 1.0% while imports went down 1.2%; shipments to the US declined 13.7% and imports 7.6%; exports to China decreased 0.3% and imports 11.5%; and sales to the UK fell 4.6% while purchases increased 8.3%. source: Federal Statistical Office

Balance of Trade in Germany averaged 5669.40 EUR Million from 1950 until 2022, 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 September of 2022.

Balance of Trade in Germany is expected to be -4600.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Balance of Trade is projected to trend around 18400.00 EUR Million in 2023 and 17200.00 EUR Million in 2024, according to our econometric models.

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Germany Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-08-03 06:00 AM Jun €7.7B €2.6B € -13.6B
2022-09-02 06:00 AM Jul €4.9B €7.7B €6.2B
2022-10-05 06:00 AM Aug €4.9B


Related Last Previous Unit Reference
Balance of Trade 4886.63 7696.81 EUR Million Jul 2022
Current Account 4997.72 14323.95 EUR Million Jul 2022
Exports 127568.92 136008.81 EUR Million Jul 2022
Imports 122682.30 128312.00 EUR Million Jul 2022
Terms of Trade 88.17 87.65 points Jul 2022
Tourist Arrivals 698.75 971.12 Thousand Jan 2022

Germany Balance of Trade
Germany runs regular trade surpluses since 1952, primarily due to strong exports of vehicles and other machinery. In 2021, the largest trade surpluses were recorded with the US, France, the UK, Austria, Switzerland, Italy, Sweden, Poland and Spain; while the biggest trade deficits were recorded with China, Ireland, Norway, Vietnam, Russia, Bangladesh, the Netherlands, Japan, Malaysia and South Africa.
Actual Previous Highest Lowest Dates Unit Frequency
4886.63 7696.81 25455.63 -535.91 1950 - 2022 EUR Million Monthly
Current Prices, NSA

News Stream
German Trade Surplus Narrows Sharply
The trade surplus in Germany declined sharply to €4.9 billion in July of 2022 from €17.8 billion a year earlier, as imports surged 26.1% to €122.7 billion and exports rose at a much softer 10.8% to €127.6 billion. Exports to Russia accounted for €1.0 billion, with the country ranking 25th among the major countries of destination for German exports, compared to 14th a year earlier. On a seasonally adjusted basis, the country posted a trade surplus of €5.4 billion, lower than a downwardly revised of €6.2 surplus a month earlier, but beating market forecasts of a €4.8 billion surplus. Exports fell 2.1% to €131.3 billion compared to June while imports dropped 1.5% to €125.9 billion. Exports to Russia dropped 15.1% and imports 17.4%; sales to the EU countries climbed 1.0% while imports went down 1.2%; shipments to the US declined 13.7% and imports 7.6%; exports to China decreased 0.3% and imports 11.5%; and sales to the UK fell 4.6% while purchases increased 8.3%.
2022-09-02
Germany Trade Surplus Narrows in June
Germany recorded a €7.7 billion trade surplus in June of 2022, half a €15.9 billion surplus a year earlier, as imports jumped 24.9% to €128.3 billion and exports rose at a slower 14.6% to €136 billion. Exports to Russia accounted for €1.2 billion, with the country ranking 23rd among the major countries of destination for German exports, compared to 15th a year earlier. On a seasonally adjusted basis, the country recorded a trade surplus of €6.4 billion, after initially posting the first trade gap since 1991 the month before, and beating market forecasts of €0.2 billion surplus. Exports increased 4.5% compared to May to a record €134.3 billion and imports edged up a meagre 0.2% to €127.9 billion. Exports to Russia rose 14.5% and imports 4.8%; sales to the EU countries went up 3.9% and imports 0.3%; shipments to the US increased 6.2% and imports 14.7%; exports to China edged up 2.4% while imports fell 2.4%; and sales to the UK rose 4.2% while purchases went down 6.6%.
2022-08-03
German Trade Surplus Smallest Since 1992
The trade surplus in Germany narrowed sharply to €0.5 billion in May of 2022, the lowest since December 1992, as imports soared 33.6% year-on-year to €129.8 billion, amid surging energy prices while exports rose at a much softer 19% to €130.3 billion. Exports to Russia accounted for €1.1 billion, with the country ranking 25th among the major countries of destination for German exports, compared to 14th a year earlier. On a seasonally adjusted basis, Germany recorded a trade deficit of €1 billion, the first trade gap since 1991, as sales were down 0.5% while imports climbed 2.7%. Exports to Russia jumped by 29.4% in May, after declining 9.9% in April and nearly 60% in March 2022. Imports from Russia fell 9.8%. Purchases also declined to the European Union (-2.8%), the UK (-0.5%), while increased to the US (5.7%) and China (0.5%). Imports grew from the US (9.7%) and the Euro Area (2.5%), but decreased from China (-1.6%).
2022-07-04