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.