Germany Balance of Trade

Germany recorded a trade surplus of 19159.23 EUR Million in May of 2014. Balance of Trade in Germany averaged 4183.94 EUR Million from 1950 until 2014, reaching an all time high of 20276.21 EUR Million in September of 2013 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.

   
 
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Germany Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
19159.23 17200.00 20276.21 -535.91 1950 - 2014 EUR Million Monthly
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.


German Trade Surplus Widens in May


Germany unadjusted trade surplus increased to € 17.8 billion in May of 2014 from a revised € 17.2 billion in the previous month. Imports posted the highest seasonally adjusted month-on-month decrease since November of 2012 and exports contracted 1.1 percent.

Exports of goods amounted to 92.0 billion euros and imports reached 74.3 billion euros in May of 2014. After calendar and seasonal adjustment, sales decreased by 1.1 percent and imports by 3.4 percent compared with April of 2014. Year-on-year, exports increased 4.3 percent, while imports decreased 0.4 percent. 

In May of 2014, Germany dispatched goods to the value of 53.1 billion euros to the Member States of the European Union, while it received goods to the value of 48.5 billion euros from those countries. 

Compared with May 2013, dispatches to the EU countries increased by 6.1 percent, while arrivals from those countries were down by 0.2 percent. Goods to the value of 33.7 billion euros (+4.2 percent) were dispatched to the Euro area countries in May, while the value of the goods received from those countries was 33.1 billion euros (–3.2 percent). In May of 2014, goods to the value of 19.4 billion euros (+9.4 percent) were dispatched to EU countries not belonging to the Euro area, while the value of the goods which arrived from those countries was 15.4 billion euros (+7.0 percent). 

Exports of goods to countries outside the European Union amounted to 38.9 billion euros in May, while imports from those countries totaled 25.8 billion euros. Compared with May of 2013, exports to third countries increased by 2.1 percent, while imports from those countries decreased by 0.8 percent.

Destatis | Joana Taborda | joana.taborda@tradingeconomics.com
7/8/2014 9:28:28 AM


Recent Releases

German Trade Surplus Widens to 5-Month High
Germany unadjusted trade surplus increased to € 17.4 billion in April of 2014 from a revised € 16.6 billion in the previous month, as exports increased at their fastest pace in nearly two years. Published on 2014-06-06

German Trade Surplus Dissapoints in March
Germany reported a trade surplus of €16.4 billion in March of 2014, down from €18.9 billion surplus shown a year earlier as imports increased more than exports. Published on 2014-05-09


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 € 16.4B € 16.2B (R) € 16.5B € 16B
2014-06-06 07:00 AM Germany
Balance of Trade
Apr 2014 € 17.4B € 16.6B (R) € 15.2B
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 €17.8 € 16.6B


Trade Last Previous Highest Lowest Unit
Balance of Trade 19159.23 17200.00 20276.21 -535.91 EUR Million [+]
Exports 91258.85 93700.00 99117.97 226.39 EUR Million [+]
Imports 72099.62 76441.00 82465.45 346.78 EUR Million [+]
Current Account 13204.00 16900.00 24180.31 -9121.78 EUR Million [+]
Current Account to GDP 7.50 7.40 7.50 -1.70 Percent [+]
External Debt 634869.00 628140.00 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 3386.36 3387.14 3468.60 3386.36 Tonnes [+]





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