Germany's trade surplus widened sharply to EUR 16.7 billion in January 2023 from EUR 10.0 billion the month before, easily beating market expectations of EUR 11.0 billion. Exports grew 2.1 percent, as sales advanced by 0.7 percent to the EU and by 3.8 percent to countries outside the EU, namely the US (3.1 percent), China (1.4 percent), the UK (7.8 percent), and Russia (12.3 percent). Meanwhile, imports fell 3.4 percent to a 12-month low of EUR 113.9 billion, as purchases to non-EU countries fell by 7.5 percent, namely from both China (-6.0 percent) and Russia (-36.7 percent). Conversely, imports climbed from the US (8.8 percent) and the UK (13.1 percent). Imports from the EU rose by 0.6 percent. source: Federal Statistical Office
Balance of Trade in Germany averaged 6.78 EUR Billion from 1962 until 2023, reaching an all time high of 23.18 EUR Billion in April of 2016 and a record low of -0.39 EUR Billion in May 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 March of 2023.
Balance of Trade in Germany is expected to be 18.90 EUR Billion 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 15.00 EUR Billion in 2024 and 13.00 EUR Billion in 2025, according to our econometric models.