Trade Balance in Germany
Germany - Trade Balance (Euros)
Exports contract at a multi-year high pace in April
German exports plummeted at the start of the second quarter, dropping 3.7% month-on-month on a calendar- and seasonally-adjusted basis (March: +1.5% month-on-month). This marked the steepest drop since August 2015. Although imports also fell, but at a softer pace of 1.3% (March: +0.7% mom), the trade surplus narrowed to EUR 17.0 billion in April from EUR 19.9 billion in March.
The annual picture was not as bad but still showed that exports contracted 0.5% in April (March: +2.0% year-on-year), while imports grew 2.1% year-on-year, down from 4.7% in the prior month. The 12-month moving sum of exports eased to 2.2% in April from 3.0% in March, while the 12-month moving sum of imports moderated to 5.5% from 6.0% in the prior month. The 12-month moving sum of the trade balance narrowed to a EUR 223.1 billion surplus in April from the EUR 225.5 billion surplus logged in March.
Dr. Holger Bingmann, president of the Federation of German Wholesale, Foreign Trade and Services (BGA), stated that “the effects of global unrest – not only in politics in general, but above all in trade policy – are now being felt. […] The figures show how dependent we are on political stability in the EU and the world.”
Germany - Trade Balance (EUR) Data
|Trade Balance (EUR billion)||200||216||243||246||246|
5 years of economic forecasts for more than 30 economic indicators.
Germany Trade Balance (EUR) Chart
Source: German Central Bank.
|Bond Yield||-0.26||0.41 %||Jun 14|
|Exchange Rate||1.12||0.65 %||Jun 14|
|Stock Market||12,096||-0.41 %||Jun 14|
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June 13, 2019
Harmonized consumer prices rose 0.3% month-in-month in May, down from the 1.0% increase logged in April.
June 7, 2019
Industrial production fell 1.9% month-in-month in April in seasonally- and calendar-adjusted terms, swinging from March’s 0.5% increase.
June 7, 2019
German exports plummeted at the start of the second quarter, dropping 3.7% month-on-month on a calendar- and seasonally-adjusted basis (March: +1.5% month-on-month).
May 28, 2019
German consumer confidence is expected to inch down to 10.1 in June from 10.2 in May, according to the forward-looking GfK Group Consumer Climate Index.
May 23, 2019
A detailed breakdown of national accounts data saw no revisions to the growth figures previously estimated.