Germany Balance of Trade 1950-2014 | Data | Chart | Calendar | Forecast

Germany recorded a trade surplus of 14100 EUR Million in August of 2014. Balance of Trade in Germany averaged 4364.92 EUR Million from 1950 until 2014, reaching an all time high of 23400 EUR Million in July of 2014 and a record low of -535.91 EUR Million in April of 1991. Balance of Trade in Germany is reported by the Federal Statistical Office.


Germany Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
14100.00 23400.00 23400.00 -535.91 1950 - 2014 EUR Million Monthly
Germany runs regular trade surpluses since 1952, primarily due to strong exports of cars and other machinery. Germany also exports: chemical products, hardware, electronic equipment, metals and pharmaceuticals. Germany main imports are fuel, vehicle parts and metals and electronic devices. Main trading partners are Netherlands, France, the United Kingdom, China and the United States. In recent years, the biggest trade deficits were recorded with Netherlands, Norway, China, Russia and Vietnam. Germany records trade surpluses with the United States, France, the United Kingdom, Austria and United Arab Emirates. This page provides - Germany Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Germany Balance of Trade - was last refreshed on Friday, October 31, 2014.

German Trade Surplus Falls from Record High

German trade surplus reached € 14.1 billion in August of 2014, slightly up from € 12.7 billion a year earlier. Yet, on a monthly basis, the surplus narrowed 39.7 percent, as exports recorded the highest drop in more than five years.

In August of 2014, Germany exported goods to the value of 84.1 billion euros and imported goods to the value of 70.0 billion euros. Exports decreased by 1.0  percent yoy and imports by 2.4 percent.

The country dispatched goods to the value of 47.7 billion euros to the Member States of the European Union (EU), while it received goods to the value of 44.3 billion euros from those countries. Compared with August 2013, dispatches to the EU countries increased by 2.0 percent, and arrivals from those countries remained nearly unchanged. Goods to the value of 29.2 billion euros (+0.4 percent) were dispatched to the Euro area countries in August 2014, while the value of the goods received from those countries was 30.5 billion euros (+0.7 percent). In August 2014, goods to the value of 18.5  billion euros (+4.5 percent) were dispatched to EU countries not belonging to the Euro area, while the value of the goods which arrived from those countries was 13.7 billion euros (-1.3 percent).

Exports of goods to countries outside the European Union (third countries) amounted to 36.4 billion euros in August 2014, while imports from those countries totalled 25.7 billion euros. Compared with August 2013, exports to third countries decreased by 4.7 percent and imports from those countries by 6.3 percent.

After calendar and seasonal adjustment, exports declined by 5.8 percent and imports by 1.3 percent compared with July 2014. 

10/9/2014 10:35:16 AM

Recent Releases

German Posts Record Trade Surplus in July
German trade surplus widened to € 23.4 billion in July of 2014 from € 16.3 billion a year earlier. It is the highest trade surplus on record, as exports hit its monthly peak. Published on 2014-09-08

German Trade Surplus Narrows Further in June
German trade surplus shrank for the third straight month to € 16.5 billion in June of 2014 from € 17.8 billion recorded in May as imports grew faster than exports. Published on 2014-08-08

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-07-08 07:00 AM Germany
Balance of Trade
May 2014 €17.8 € 17.2B (R) € 16.4B € 15.6B
2014-08-08 07:00 AM Germany
Balance of Trade
Jun 2014 €16.5B €17.8 €16.6B
2014-09-08 07:00 AM Germany
Balance of Trade
Jul 2014 €23.4B €16.6B (R) € 16.9B
2014-10-09 07:00 AM Germany
Balance of Trade
Aug 2014 €14.1B €23.4B € 18.3B
2014-11-07 07:00 AM Germany
Balance of Trade
Sep 2014 €14.1B € 14.1B

Germany Trade Last Previous Highest Lowest Unit
Balance of Trade 14100.00 23400.00 23400.00 -535.91 EUR Million [+]
Exports 84100.00 101000.00 101000.00 226.39 EUR Million [+]
Imports 70000.00 77600.00 81250.69 346.78 EUR Million [+]
Current Account 10300.00 20100.00 23613.00 -9353.00 EUR Million [+]
Current Account to GDP 7.50 7.40 7.50 -1.70 Percent [+]
External Debt 643267.00 634869.00 922123.00 60638.00 EUR Million [+]
Foreign Direct Investment -2158.93 -3564.89 140457.80 -31502.04 EUR Million [+]
Remittances -863.00 -807.00 -601.00 -1228.00 EUR Million [+]
Capital Flows -30424.90 -34890.90 21575.30 -34890.90 EUR Million [+]
Gold Reserves 3384.19 3386.36 3468.60 3384.19 Tonnes [+]