Argentina: Merchandise exports rise at a softer rate in June
Merchandise exports jumped 21.7% year-on-year in June, following May’s 22.2% rise, largely thanks to a normalization of agricultural activity after...
Merchandise Exports in Germany
Merchandise exports were worth EUR 1,594 billion in 2022, compared to EUR 1,088 billion ten years earlier and EUR 1,379 billion in 2021. Exports averaged EUR 1,271 billion over the last decade. For more exports information, visit our dedicated page.
Germany Merchandise Exports Chart
Note: This chart displays Merchandise Exports (EUR bn) for Germany from 2021 to 2020.
Source: Macrobond.
Germany Merchandise Exports Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Exports (EUR bn) | 1,328 | 1,207 | 1,379 | 1,594 | 1,590 |
Merchandise exports contract in May
Merchandise exports fell 3.6% on a seasonally adjusted month-on-month basis in May, contrasting April’s 1.7% increase. The result marked the sharpest drop since December 2023. Meanwhile, merchandise imports fell 6.6% on a monthly basis in May (April: +1.2% s.a. mom), marking the weakest reading since December 2022. As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 22.0 billion surplus in May (April 2024: USD 23.8 billion surplus; May 2023: USD 15.1 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 254.4 billion surplus in May, compared to the USD 247.5 billion surplus in April.
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 merchandise exports 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 merchandise exports forecast available for German merchandise exports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our German merchandise exports projections.
Want to get access to the full dataset of German merchandise exports forecasts? Send an email to info@focus-economics.com.
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