Germany's trade surplus widened to €19.1 billion in May 2026 from an upwardly revised €14.7 billion in April, surpassing expectations of €14.8 billion, marking the largest trade surplus since February. Exports unexpectedly increased by 0.9% mom to an over 3½-year high of €137.9 billion in May 2026, accelerating from a downwardly revised 0.8% rise in April and beating expectations of a 0.3% decline. Exports to third countries rose 3.6%, supported by a 23.1% surge in shipments to the US, Germany's largest export market. Meanwhile, imports fell 2.5% mom to a three-month low of €118.8 billion in May 2026, reversing a marginally revised 1.1% gain in April and missing estimates of a 0.1% growth. Imports from EU member states fell 2.5%, while those from non-EU countries dropped 2.6%, amid a decline in shipments from China (-2.0%). For the first five months of the year, the country posted a trade surplus of €88.4 billion, with exports and imports climbing 3.0% and 3.7%, respectively. source: Federal Statistical Office

Germany recorded a trade surplus of 19.10 EUR Billion in May of 2026. Balance of Trade in Germany averaged 7.40 EUR Billion from 1962 until 2026, reaching an all time high of 25.15 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 July of 2026.

Germany recorded a trade surplus of 19.10 EUR Billion in May of 2026. Balance of Trade in Germany is expected to be 10.10 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
2026-06-09 06:00 AM
Balance of Trade
Apr €14.5B €14.7B €15B €13.6B
2026-07-09 06:00 AM
Balance of Trade
May €19.1B €14.7B €14.8B €16.0B
2026-08-07 06:00 AM
Balance of Trade
Jun €19.1B € 11.2B


Related Last Previous Unit Reference
Balance of Trade 19.10 14.50 EUR Billion May 2026
Current Account 10368.26 16566.78 EUR Million May 2026
Exports MoM 137.90 136.60 EUR Billion May 2026
Imports MoM 118.80 122.10 EUR Billion May 2026
Terms of Trade 100.30 100.50 points May 2026
Tourist Arrivals 3358.40 2933.65 Thousand May 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
19.10 14.50 25.15 -0.39 1962 - 2026 EUR Billion Monthly
Current Prices, SA

News Stream
German Trade Surplus Largest in 3 Months
Germany's trade surplus widened to €19.1 billion in May 2026 from an upwardly revised €14.7 billion in April, surpassing expectations of €14.8 billion, marking the largest trade surplus since February. Exports unexpectedly increased by 0.9% mom to an over 3½-year high of €137.9 billion in May 2026, accelerating from a downwardly revised 0.8% rise in April and beating expectations of a 0.3% decline. Exports to third countries rose 3.6%, supported by a 23.1% surge in shipments to the US, Germany's largest export market. Meanwhile, imports fell 2.5% mom to a three-month low of €118.8 billion in May 2026, reversing a marginally revised 1.1% gain in April and missing estimates of a 0.1% growth. Imports from EU member states fell 2.5%, while those from non-EU countries dropped 2.6%, amid a decline in shipments from China (-2.0%). For the first five months of the year, the country posted a trade surplus of €88.4 billion, with exports and imports climbing 3.0% and 3.7%, respectively.
2026-07-09
German Trade Surplus Smallest in 5 Months
Germany’s trade surplus narrowed to €14.5 billion in April 2026 from an upwardly revised €14.7 billion in March, falling short of market expectations of €15.0 billion. It was the smallest trade surplus since November, as imports grew faster than exports. Exports unexpectedly increased by 0.9% month-on-month to a near 3½-year high of €136.6 billion, accelerating from a downwardly revised 0.3% gain in March and easily beating expectations of a 0.3% decline. Shipments to EU member states increased 1.0%, while those to third countries rose 0.7%. Meanwhile, imports climbed 1.2% month-on-month to €122.1 billion, the highest level since November 2022, though easing from a downwardly revised 4.5% increase in March. The increase was driven by purchases from both EU partners (1.8%) and non-EU countries (1.2%). For the first four months of the year, the country recorded a trade surplus of €69.2 billion, with exports and imports advancing 2.1% and 2.8%, respectively.
2026-06-09
German Trade Surplus Smallest in 4 Months
Germany’s trade surplus narrowed to €14.3 billion in March 2026 from a downwardly revised €19.6 billion in February, falling short of market expectations of €18.4 billion. It was the smallest trade surplus since last November, as exports rose less than imports. Exports unexpectedly increased by 0.5% month-on-month to a near 3½-year high of €135.8 billion, slowing sharply from a 3.6% rise in February but easily beating expectations of a 1.7% decline. Shipments to EU member states grew 3.4%, while those to third countries fell 3.3%. Meanwhile, imports surged 5.1% month-on-month to €121.5 billion, the highest level since November 2022, accelerating from an upwardly revised 4.9% increase in February and far exceeding expectations of a 0.8% rise. The increase was driven by purchases from both EU partners (3.0%) and non-EU countries (7.4%). For the first quarter, the country posted a trade surplus of €54 billion, with exports and imports rising by 1.7% and 1.9%, respectively.
2026-05-08