Trade Balance in Germany
Germany - Trade Balance (Euros)
November trade data disappoints as fears of a technical recession remain
Exports contracted 0.4% over the previous month in November, swinging from an upwardly revised 0.9% month-on-month expansion in October (previously reported: +0.4% month-on-month). However, as import growth contracted 1.6% mom in November, contrasting the 0.8% mom expansion in October, the seasonally- and calendar-adjusted trade surplus widened from EUR 17.3 billion in October to EUR 19.0 billion in November.
Year-on-year export growth in November was flat, contrasting a strong 8.7% expansion in October. Subsequently, growth in the 12-month moving sum of exports moderated from 4.4% in October to 3.7% in November. Import growth in November compared to the same month a year prior also eased markedly from 10.8% in October to 3.6% in November. As a result, the 12-month moving sum of imports expanded 6.0% in November, down from the 6.4% increase in October. Furthermore, the 12-month moving sum of the trade balance narrowed from a EUR 234.9 billion surplus in October to a EUR 231.6 billion surplus in November.
Commenting on the result, Dr. Holger Bingmann, president of the Federal Association of Wholesale, Foreign Trade, Services (BGA) noted that “only the [year-on-year] increase in imports is good news […] because it signals a robust business cycle in this country.” Carsten Brzeski, chief Germany economy at ING, added that “[November’s] trade data do very little to take away the fears of a technical recession [but that] private consumption, government expenditures and investments could prevent the economy falling into a technical recession.”
Germany - Trade Balance (EUR) Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Trade Balance (EUR billion) | 200 | 216 | 243 | 246 | 246 |
Germany Trade Balance (EUR) Chart
Source: German Central Bank.
Germany Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.17 | 0.41 % | Jan 16 |
| Exchange Rate | 1.14 | 0.65 % | Jan 16 |
| Stock Market | 10,931 | -0.41 % | Jan 16 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
Germany: Cheaper oil finally reaches German consumers, driving inflation down
January 16, 2019
Consumer price rose 0.1% over the previous month in December, matching November’s figure.
Germany: November trade data disappoints as fears of a technical recession remain
January 9, 2019
Exports contracted 0.4% over the previous month in November, swinging from an upwardly revised 0.9% month-on-month expansion in October (previously reported: +0.4% month-on-month).
Germany: Industrial production contracts in November as worries over a technical recession grow
January 8, 2019
Industrial production fell 1.9% over the previous month in November, a sharper drop than the revised 0.8% month-on-month contraction in October (previously reported: -0.5% month-on-month).
Germany: Consumer confidence expected to remain stable at the start of the new year
December 21, 2018
The forward-looking GfK Group Consumer Climate index is expected to be stable at December’s 10.4 points in January.
Germany: Business confidence falls to an over two-year low at the close of the year
December 18, 2018
Business confidence declined for the third consecutive month in December, with the headline figure dropping from 102 in November to 101 in December.
© Copyright: 2019 | Germany Trade Balance | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
