Merchandise Trade Balance in Germany
The merchandise trade balance averaged EUR 204.9 billion in the decade to 2022. The 2022 reading was EUR 88.6 billion. For more trade information, visit our dedicated page.
Germany Trade Chart
Note: This chart displays Merchandise Trade Balance (EUR bn) for Germany from 2013 to 2022.
Source: Federal Statistical Office, Germany.
Germany Trade Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (EUR bn) | 228.7 | 224.0 | 180.4 | 175.3 | 88.6 |
Merchandise exports contract in September
Seasonally adjusted merchandise exports fell 2.3% month on month in September, contrasting August’s 0.1% increase. September’s outturn marked the worst decline since March. Meanwhile, seasonally adjusted merchandise imports decreased 1.8% on a month-on-month basis in September (August: -0.3% mom s.a.). As a result, the merchandise trade balance improved from the previous month, recording a USD 19.2 billion surplus in September (August 2023: USD 16.0 billion surplus; September 2022: USD 9.1 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 182.5 billion surplus in September, compared to the USD 172.3 billion surplus in August.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects German trade 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 trade forecast available for German trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our German trade projections.
Want to get access to the full dataset of German trade forecasts? Send an email to info@focus-economics.com.