Germany’s trade surplus narrowed to €19.5 billion in August 2026 from a revised two-and-a-half-year high of €21.6 billion in July, but came slightly above expectations of €19 billion, as exports declined while imports increased. Exports fell 0.8% month-on-month to €137.6 billion, with shipments to EU countries down 0.6% and those to third countries falling 1.1%. Within third countries, exports to the US dropped 6.3%, while shipments to China rose 4.7% and those to the UK jumped 16.7%. Meanwhile, imports increased 0.9% to €118.1 billion, with imports from EU countries down 0.4% but those from third countries rising 2.2%. Imports from China surged 11%, while those from the US fell 0.5% and from the UK declined 3.8%. On an annual basis, exports rose 6.2% and imports increased 5.5%. From January to August, Germany’s trade surplus widened to €146.0 billion, compared with €140.4 billion in the corresponding period last year. source: Federal Statistical Office

Germany recorded a trade surplus of 19.47 EUR Billion in August of 2026. Balance of Trade in Germany averaged 7.42 EUR Billion from 1962 until 2026, reaching an all time high of 24.70 EUR Billion in January of 2024 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 October of 2026.

Germany recorded a trade surplus of 19.47 EUR Billion in August of 2026. Balance of Trade in Germany is expected to be 13.60 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 11.00 EUR Billion in 2027 and 12.00 EUR Billion in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-08 06:00 AM
Balance of Trade
Jul €21.3B €15.4B €16B €17.5B
2026-10-08 06:00 AM
Balance of Trade
Aug €19.5B €21.6B €19B €19.5B
2026-11-09 07:00 AM
Balance of Trade
Sep €19.5B € 15.6B


Related Last Previous Unit Reference
Balance of Trade 19.47 21.58 EUR Billion Aug 2026
Current Account 10320.30 21794.49 EUR Million Aug 2026
Exports 137.55 138.66 EUR Billion Aug 2026
Imports 118.10 117.10 EUR Billion Aug 2026
Terms of Trade 100.80 101.40 points Aug 2026
Tourist Arrivals 4857.33 3504.27 Thousand Jul 2026


Germany Balance of Trade
Germany continued to post significant trade surpluses with key partners in 2024. The surplus with the United States stood at approximately €69.8 billion, reflecting robust demand for German industrial goods, such as motor vehicles and machinery. In contrast, Germany recorded a substantial trade deficit with China—around €66.3 billion—due to high imports of electronics, machinery, and other manufactured products. Overall, the US regained its position as Germany’s largest trading partner, slightly ahead of China, with the Netherlands ranking third.
Actual Previous Highest Lowest Dates Unit Frequency
19.47 21.58 24.70 -0.39 1962 - 2026 EUR Billion Monthly
Current Prices, SA, WDA

News Stream
German Trade Surplus Narrows in August
Germany’s trade surplus narrowed to €19.5 billion in August 2026 from a revised two-and-a-half-year high of €21.6 billion in July, but came slightly above expectations of €19 billion, as exports declined while imports increased. Exports fell 0.8% month-on-month to €137.6 billion, with shipments to EU countries down 0.6% and those to third countries falling 1.1%. Within third countries, exports to the US dropped 6.3%, while shipments to China rose 4.7% and those to the UK jumped 16.7%. Meanwhile, imports increased 0.9% to €118.1 billion, with imports from EU countries down 0.4% but those from third countries rising 2.2%. Imports from China surged 11%, while those from the US fell 0.5% and from the UK declined 3.8%. On an annual basis, exports rose 6.2% and imports increased 5.5%. From January to August, Germany’s trade surplus widened to €146.0 billion, compared with €140.4 billion in the corresponding period last year.
2026-10-08
German Trade Surplus Largest in Two Years
Germany’s trade surplus widened to €21.3 billion in July 2026 from €15.4 billion in June, exceeding expectations of a rise to €16 billion and marking the largest trade surplus since August 2024, as exports fell less sharply than imports. Exports fell 0.8% month-on-month to €138.2 billion, compared with forecasts of no change, as sales to EU countries declined 1.6%, while shipments to third countries edged up 0.2%. Within third countries, the growth in exports was mainly driven by a 19.1% jump in exports to the US, while shipments to China and the UK fell 9.5% and 7.2%, respectively. Meanwhile, imports dropped 5.7% to €116.9 billion, with those from EU countries down 6.1% and from third countries falling 5.3%. Imports from China fell 7.5%, those from the US declined 8.2%, and those from the UK dropped 1%. From January to July, Germany’s trade surplus increased to €125.8 billion from €122.8 billion in the same period last year.
2026-09-08
German Trade Surplus Below Estimates
Germany's trade surplus narrowed to €15.4 billion in June 2026 from an upwardly revised €19.3 billion in May, below estimates of €17.4 billion, as imports rose more than exports. Imports rose 4.4% mom to an over 3-1/2-year high of €123.9 billion in June 2026, rebounding from a marginally revised 2.6% drop in May and surpassing estimates of a 1.0% rise. Imports from EU countries climbed 7.4%, while those from third countries grew 1.4%, buoyed by a 9.1% increase in imports from China. Meanwhile, exports grew by 0.9% mom to a nearly four-year high of €139.3 billion in June 2026, following an upwardly revised 1.1% gain in May and beating forecasts of 0.2% growth. Exports to EU countries grew 1.3%, while exports to third countries rose 0.3%, supported by a 7.7% gain in shipments to the UK. However, exports to the US, Germany's largest export market, plunged 14.2%. For H1 of 2026, Germany recorded a trade surplus of €105 billion, with exports and imports rising 3.7% and 4.4%, respectively.
2026-08-07