Germany Balance of Trade

Last Release

Sep 30, 2024

Actual

Units In

EUR Million

22.5

Frequency

Monthly

Next Release

Dec 06, 2024

Time to Release

27 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
25,455.63 Mar 2016	-535.91 Apr 1991	5,545.74 EUR Million	1950-2024	Federal Statistical Office

Germany runs regular trade surpluses since 1952, primarily due to strong exports of vehicles and other machinery. In 2017, the largest trade surpluses were recorded with the US, the UK, France, Austria, Spain, Sweden and the UAE; while the biggest trade deficits were recorded with China, Vietnam, Norway, Russia, the Netherlands, Ireland and Czech Republic.

Latest Updates

Germany's trade surplus fell to EUR 17 billion in September 2024 from a downwardly revised EUR 21.4 billion in August, smaller than forecasts of EUR 20.9 billion. Exports fell 1.7% mom to a three-month low of EUR 128.2 billion, compared to forecasts of a 1.4% drop, reversing from a downwardly revised 1.2% growth in August. Shipments to the EU fell by 1.8%, and those to third countries dropped by 1.6%, with exports to China declining by 3.7% and the UK by 4.9%. By contrast, exports rose to Russia (3.6%) and the US (4.8%). Meanwhile, imports grew 2.1% to EUR 111.3 billion, after a downwardly revised 2.6% drop in August. Imports from the EU rose by 1.6%, and purchases from non-EU increased by 2.6%, particularly from China (5.6%) and Russia (20.1%) while declining to the US (-0.3%) and the UK (-0.6%). For the first nine months of 2024, the country recorded a surplus of EUR 186.9 billion.