Singapore: Non-oil domestic exports drop in March
Non-oil domestic exports (NODX) dived 20.7% annually in March (February: -0.2% year-on-year). The figure marked the worst decline since August...
Merchandise Trade Balance in Germany
The merchandise trade balance averaged EUR 204.9 billion in the decade to 2022. The 2022 reading was EUR 88.6 billion. For more trade information, visit our dedicated page.
Germany Trade Chart
Note: This chart displays Merchandise Trade Balance (EUR bn) for Germany from 2014 to 2023.
Source: Federal Statistical Office, Germany.
Germany Trade Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (EUR bn) | 228.7 | 224.0 | 180.4 | 175.3 | 88.6 |
Merchandise exports tank in December
Merchandise exports fell 4.6% on a seasonally adjusted month-on-month basis in December (November: +3.5% mom s.a.), the sharpest fall in a year. Meanwhile, merchandise imports tanked 6.7% (November: +1.5% mom s.a.). As a result, the merchandise trade balance worsened from the previous month, recording a EUR 16.6 billion surplus in December (November 2023: EUR 22.4 billion surplus; December 2022: EUR 11.6 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a EUR 209.4 billion surplus in December, compared to the USD 204.4 billion surplus in November.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects German trade projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for German trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our German trade projections.
Want to get access to the full dataset of German trade forecasts? Send an email to info@focus-economics.com.
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