Germany Balance of Trade

Germany recorded a trade surplus of 16264 EUR Million in February of 2014. Balance of Trade in Germany is reported by the Federal Statistical Office. Balance of Trade in Germany averaged 4127.79 EUR Million from 1950 until 2014, reaching an all time high of 20277 EUR Million in September of 2013 and a record low of -536 EUR Million in April of 1991. Germany runs regular trade surpluses primarily due to its strong export of cars and other machinery. Germany also exports chemical products, hardware, electronic equipment, metals and pharmaceuticals. Germany main imports are electronic devices, fuel, vehicle parts and metals. Main trading partners are France, Netherlands, United States and Italy. This page provides - Germany Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
16264.00 15000.00 20277.00 -536.00 16004.73 | 2014/03 1950 - 2014 EUR Million Monthly

TO

Germany Balance of Trade
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-08 07:00 AM Germany
Balance of Trade
Nov 2013 € 18.1B € 17.9B €18.0B € 15.82B
2014-02-07 07:00 AM Germany
Balance of Trade
Dec 2013 € 14.2B € 19.1B (R) € 15.8B
2014-03-11 07:00 AM Germany
Balance of Trade
Jan 2014 € 15.0B € 13.9B (R) € 16.2B
2014-04-09 07:00 AM Germany
Balance of Trade
Feb 2014 € 16.3B € 15.0B € 15.8B
2014-05-09 07:00 AM Germany
Balance of Trade
Mar 2014 € 16.3B € 16B
2014-06-06 07:00 AM Germany
Balance of Trade
Apr 2014 € 15.1B
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Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP 7.30 2013-12-31 7.40 7.40 -1.70 7.73 2014-06-30 Percent [+]
Capital Flows -25988.80 2014-02-15 -711.80 21575.30 -33307.70 -22537.72 2014-02-28 EUR Million [+]
External Debt 653123.00 2014-03-31 674528.00 922123.00 60638.00 667485.27 2014-03-31 EUR Million [+]
Foreign Direct Investment 4269.73 2014-02-15 -1951.15 140457.80 -31502.04 8887.24 2014-02-28 EUR Million [+]
Gold Reserves 3387.14 2013-12-31 3390.56 3468.60 3387.14 Tonnes [+]
Remittances -807.00 2013-11-15 -807.00 -601.00 -1228.00 -861.36 2013-12-31 EUR Million [+]
Current Account 13879.18 2014-02-15 15200.00 24180.31 -9121.78 17558.32 2014-03-31 EUR Million [+]
Balance of Trade 16264.00 2014-02-15 15000.00 20277.00 -536.00 16004.73 2014-03-31 EUR Million [+]
Exports 92402.00 2014-02-15 90700.00 99117.15 226.39 96436.64 2014-03-31 EUR Million [+]
Imports 76138.00 2014-02-15 71500.00 82465.45 346.78 76538.63 2014-03-31 EUR Million [+]
[+]


Germany Trade Surplus Increases 8.6% in February

German trade surplus widened to € 16.3 billion in February of 2014 from € 15.0 billion in the previous month. Compared with the same month last year, the trade surplus narrowed slightly by 3 percent, as imports rose the most in nearly two-and-a-half years.

Exports increased 4.6 percent on the year in February to € 92.4 billion euros and imports surged 6.5 percent to € 76.1 billion. 

Germany exported € 54.7 billion to the EU countries, while it received goods worth € 50.2 billion from those countries. Year-on-year, exports to the EU countries increased by 6.7 percent and arrivals from those countries by 9.0 percent. 

Sales to the Euro Area countries reached € 34.9 billion (+3.7 percent) in February, while the value of goods received from those countries was € 34.6 billion (+8.4 percent). 

Shipments to the EU countries not belonging to the Euro Area amounted to € 19.9 billion (+12.4 percent), while the value of the goods which arrived from those countries was € 15.7 billion (+10.4 percent).

Exports of goods to countries outside the European Union amounted to € 37.7 billion in February, while imports from those countries totaled € 25.9 billion. Compared with February of 2013, exports to third countries increased by 1.8 percent and imports from those countries by 2.0 percent. 

The month-on-month comparison showed opposite developments of exports and imports upon calendar and seasonal adjustment. While exports decreased by 1.3 percent on January of 2014, imports increased by 0.4 percent.

Destatis | Joana Taborda | joana.taborda@tradingeconomics.com
4/9/2014 8:57:05 AM

RECENT RELEASES

German Trade Surplus Widens in January
Germany recorded a € 15 billion trade surplus in January of 2014, up from a revised € 13.9 billion in the previous month and € 13.6 billion a year earlier, as exports increased by an annual 2.9 percent and imports by 1.5 percent. Published on 2014-03-11

Germany Posts Record Trade Surplus in 2013
In 2013, Germany’s foreign trade surplus reached € 198.9 billion. This was the highest value recorded since the beginning of compiling foreign trade statistics. In 2012, the surplus amounted to € 189.8 billion. The highest surplus recorded so far was 195.3 billion euros in 2007. Published on 2014-02-07


Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.


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