The German trade surplus declined to €12 billion in November of 2021 from €16.8 billion a year earlier, as imports hit a record high. Imports jumped 19.3% yoy to an all-time high of €113.7 billion, the biggest annual gain in 5 months, prompted by purchases from China (29.8%), the EU (16.3%) and the US (7.9%) while those from the UK dropped 7.9%. Exports rose 12.1% to €125.7 billion, with sales rising to the EU (14%) and the US (14.7%), but falling to China (-4.2%) and the UK (-4.9%). source: Federal Statistical Office

Balance of Trade in Germany averaged 5669.72 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 January of 2022.

Balance of Trade in Germany is expected to be 20500.00 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


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.
Actual Previous Highest Lowest Dates Unit Frequency
12000.00 12716.23 25455.63 -535.91 1950 - 2021 EUR Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-09 07:00 AM Oct €12.8B €16B €18.4B
2022-01-07 07:00 AM Nov €12B €12.7B €14.2B
2022-02-09 07:00 AM Dec €12B € 10.8B


Related Last Previous Unit Reference
Balance of Trade 12000.00 12716.23 EUR Million Nov/21
Current Account 18894.68 17621.22 EUR Million Nov/21
Exports 125683.00 121389.00 EUR Million Nov/21
Imports 113654.00 108672.77 EUR Million Nov/21
Tourist Arrivals 1348.84 1894.80 Thousand Nov/21
Terms Of Trade 91.95 93.91 points Nov/21


News Stream
Germany Trade Surplus Narrows as Imports Hit Record High
The German trade surplus declined to €12 billion in November of 2021 from €16.8 billion a year earlier, as imports hit a record high. Imports jumped 19.3% yoy to an all-time high of €113.7 billion, the biggest annual gain in 5 months, prompted by purchases from China (29.8%), the EU (16.3%) and the US (7.9%) while those from the UK dropped 7.9%. Exports rose 12.1% to €125.7 billion, with sales rising to the EU (14%) and the US (14.7%), but falling to China (-4.2%) and the UK (-4.9%).
2022-01-07
Germany Trade Surplus Falls as Imports Hit Record High
The trade surplus in Germany fell sharply to EUR 12.8 billion in October of 2021 from EUR 19.7 billion a year earlier. Imports jumped 17.3% to a record high of EUR 108.5 billion, prompted by purchases from China (28.6%), the EU (14.6%), namely the Euro Area (18.8%) and the US (4%). Exports increased 8.1% to EUR 121.3 billion, with sales to the EU countries rising by (11.6%), namely the Euro Area (12.8%), the US (11.4%) and China (8.5%). After calendar and seasonal adjustment, exports were 3.8% and imports 13.5% higher than in February 2020, the month before restrictions were imposed due to the coronavirus pandemic in Germany.
2021-12-09
Germany Trade Surplus Narrows
The trade surplus in Germany narrowed to EUR 16.2 billion in September of 2021 from EUR 20 billion a year earlier. Imports were up 12.9% to EUR 101.6 billion, with purchases from China soaring 24.2% and those from the US rising 0.9%. Imports from the European Union increased by 9.4% and from the Euro Area by 11.9%. Exports went up by 7.1% to EUR 117.8 billion, boosted by sales to the EU (9.2%) and the US (16.2%) while those to China edged down 0.2%. On a seasonally adjusted basis, exports declined 0.7%, a second consecutive decrease, as supply chain disruptions continue to hurt the economy and imports edged up a meager 0.1%.
2021-11-09