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.

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Germany Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2023-03-03 07:00 AM Jan €16.7B €10B €11B
2023-03-03 07:00 AM Jan €10.8B €9.7B €8.6B
2023-04-04 06:00 AM Feb €16.7B €17.4B


Related Last Previous Unit Reference
Balance of Trade 16.73 9.99 EUR Billion Jan 2023
Current Account 16176.60 25618.22 EUR Million Jan 2023
Exports 130.60 127.91 EUR Billion Jan 2023
Imports 113.87 117.92 EUR Billion Jan 2023
Tourist Arrivals 2400.00 2400.71 Thousand Jan 2023
Terms of Trade 91.58 91.17 points Jan 2023

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
16.73 9.99 23.18 -0.39 1962 - 2023 EUR Billion Monthly
Current Prices, SA

News Stream
German Trade Surplus Widens in January
The trade surplus in Germany increased to €10.8 billion in January 2023 from €5.4 billion a year earlier. Exports surged 12.2% year-on-year to €125.2 billion, while imports rose at a softer 7.7% to €114.4 billion. On a seasonally adjusted basis, the German trade surplus widened sharply to €16.7 billion from €10.0 billion in December, as exports grew 2.1% from a month earlier to €130.6 billion. Sales advanced by 0.7% to the EU and by 3.8% to countries outside the EU, namely the US (3.1%), China (1.4%), the UK (7.8%), and Russia (12.3%). Meanwhile, imports fell 3.4% to a 12-month low of €113.9 billion, as purchases to non-EU countries fell by 7.5%, namely from both China (-6.0%) and Russia (-36.7%). Conversely, imports climbed from the US (8.8%) and the UK (13.1%). Imports from the EU rose by 0.6%.
2023-03-03
German Trade Surplus Widens in December
The trade surplus in Germany increased to €9.7 billion in December of 2022 from €6.3 billion a year earlier. Exports climbed 5.9% year-on-year to €123.9 billion, while imports rose at a slower 3.2% to €114.2 billion. However, for the whole of 2022, the trade surplus narrowed to €79.7 billion from €175.3 billion in 2021, the smallest since 2000. On a seasonally adjusted basis, the German trade surplus shrank to €10.0 billion from an upwardly revised €10.9 billion in November, as exports fell 6.3% from a month earlier to a nine-month low of €127.4 and imports dropped at a softer 6.1% to a ten-month low of €117.4 billion. Sales declined by 4.0% to the EU and by 9.1% to countries outside the EU, namely the US (-10.0%), China (-14.2%), the UK (- 24.3%), and Russia (-16.7%). Imports from the EU decreased by 4.8% and from non-EU countries - by 7.4%, namely from the US (-7.3%), China (-14.0%), and the UK (-6.6%). On the contrary, they edged up from Russia (0.1%).
2023-02-02
German Trade Surplus Narrows Slightly
The trade surplus in Germany edged down to €11.1 billion in November of 2022 from €11.3 billion a year earlier. Exports grew 13.3% year-on-year to reach a record high of €142.8 billion while imports increased at a faster 14.8% to €131.7 billion. On a seasonally adjusted basis, the German trade surplus widened to €10.8 billion from €6.9 billion in October, as exports dropped 0.3% to €135.1 and imports fell at a faster 3.3% to €124.4 billion, the biggest fall since January. Sales fell 0.4% to the EU while those to countries outside the EU inched down 0.1%, namely the US (-1.5%), and China (-1.5%). On the other hand, shipments to the UK surged 16.1% and to Russia 12.3%. Imports from the EU declined 5.8%, while purchases from non-EU countries dropped 0.8%, namely from the US (-1.4%), China (-7.8%), Russia (-12.2%), while jumped from the UK (7.0%).
2023-01-05