Germany Trade Balance September 2022


Germany: Merchandise exports grow at a milder pace in September

November 2, 2022

Merchandise exports fell 0.5% over the prior month in September (August: +2.9% mom). Meanwhile, merchandise imports contracted 2.3% in month on month in September (August: +4.9% mom).

As a result, the merchandise trade balance improved from the previous month, recording a EUR 3.7 billion surplus in September (August 2022: EUR 1.2 billion surplus; September 2021: EUR 11.8 billion surplus). Lastly, the trend worsened, with the 12-month trailing merchandise trade balance recording a EUR 77.6 billion surplus in September, compared to the EUR 85.7 billion surplus in August.


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Germany Trade Balance Chart

Germany Trade12m September 2022 0

Note: 12-month sum of trade balance in EUR billion and annual variation of the 12-month sum of exports and imports in %.
Source: Federal Statistics Office (Destatis).

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