Trade Balance in Germany
Germany - Trade Balance (Euros)
Exports rise in February
German exports rose 1.3% month-on-month on a seasonally- and calendar-adjusted basis, up from January’s revised 0.1% increase (previously reported: flat reading). Imports, on the other hand, fell 1.6% over the prior month in February, contrasting the revised 0.6% expansion recorded in January (previously reported: +0.5% month-on-month). Consequently, the calendar- and seasonally-adjusted trade surplus widened to EUR 21.6 billion in February from EUR 18.7 billion in January.
Compared to the same month a year prior, exports rose 0.4% and swung from January’s 1.9% drop, while imports fell 2.9%, down from January’s 1.5% contraction. The 12-month moving average of export growth, meanwhile, eased to 0.2% in February from 0.5% in January, while the 12-month moving average of import growth moderated from 0.9% in January to 0.2% in February. All told, the 12-month rolling sum of the trade balance edged up from a EUR 225.5 billion surplus in January to EUR 229.2 billion in February.
Germany - Trade Balance (EUR) Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (EUR billion) | 242 | 246 | 249 | 231 | 226 |
Germany Trade Balance (EUR) Chart
Source: German Central Bank.
Germany Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.19 | 0.41 % | Jan 01 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Germany: Exports bounce back in May, outlook remains uncertain
July 9, 2020
In May, merchandise exports grew 9.0% month-on-month on a calendar- and seasonally-adjusted basis, swinging from the steep 24.0% contraction in April.
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Germany: Industrial output rebounds in May
July 7, 2020
Industrial production rose 7.8% calendar-adjusted month-on-month basis in May (April: -17.5% mom).
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Germany: Government opens spending taps further in June to boost the economy
June 25, 2020
In early June, the German government announced fresh stimulus of EUR 130 billion to kickstart the economy, bringing the total fiscal stimulus up to around EUR 1.2 trillion (roughly equivalent to around 35% of 2019 GDP) which has been unleashed as part of efforts to buttress the economy against fallout from Covid-19. The new stimulus equals around 4% of GDP and encompasses numerous measures, including reducing the tax burden through temporarily lowering VATs until the end of this year, as well as further liquidity and loan support of around EUR 25 billion for SMEs through August, conditional on at least a 60% annual drop in sales in April and May.
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Germany: Consumer sentiment to remain pessimistic in July despite strong rise
June 25, 2020
Consumer confidence is expected to recover further from the Covid-19 shock at the opening of the third quarter; however, sentiment is forecast to remain pessimistic.
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Germany: Business confidence improves but remains in negative territory in June
June 24, 2020
The business confidence indicator came in at 86.2 in June, up from May's 79.7.
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