Latest reading: Merchandise exports rose 7.2% annually in July, beating market expectations and following June’s 5.9% rise. Firms accelerating shipments...
Merchandise Trade Balance in Germany
The merchandise trade balance in Germany averaged EUR 210.0 billion in the decade leading up to 2024. The 2024 reading stood at EUR 240.8 billion. For more trade information, visit our dedicated page.
Germany Trade Chart
Note: This chart displays Merchandise Trade Balance (EUR bn) for Germany from 2024 to 2023.
Source: Macrobond.
Germany Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (EUR bn) | 180.4 | 175.9 | 88.1 | 217.7 | 241.2 |
Merchandise exports fall for the second consecutive month in May
Latest reading: Merchandise exports decreased 1.3% month on month in seasonally adjusted terms in May (April: -1.6% mom s.a.), marking the second consecutive decline as front-loading efforts ahead of higher trade barriers waned and U.S. tariff hikes came into play. Meanwhile, merchandise imports declined 3.9% over the same month last year in May (April: +2.2% yoy), marking the weakest reading in one year. As a result, the merchandise trade balance improved from the previous month, recording a USD 17.8 billion surplus in May (April 2025: USD 15.9 billion surplus; May 2024: USD 20.5 billion surplus). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 216.6 billion surplus in May, compared to the USD 219.4 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 trade projections for the next ten years from a panel of 2 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.
Latest Global Trade News
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China: Merchandise exports accelerate in July -
Taiwan: Merchandise exports gain steam in July Latest reading: Merchandise exports soared 42.0% annually in July, following June’s 33.7% upturn and well above market expectations. The outturn... -
Vietnam: Merchandise exports grow at a slower rate in July Latest reading: Merchandise exports growth rose 16.6% year on year in July, following June’s 17.4% increase, as front-loading activities continued... -
Korea: Merchandise exports accelerate in July Latest reading: Merchandise exports rose 5.9% on an annual basis in July, following June’s 4.3% increase. July’s figure marked the... -
Thailand: Merchandise exports increase at a softer rate in June Latest reading: Merchandise exports grew 16.0% over the same month last year in June (May: +18.5% year-on-year). Meanwhile, merchandise imports... -
Philippines: Merchandise exports growth hits over one-year high in June Latest reading: Merchandise exports jumped 26.1% in annual terms in June, following May’s 15.5% upturn. June’s figure marked the fastest... -
Mexico: Merchandise exports increase in June Latest reading: Merchandise exports shot up 10.6% over the same month last year in June (May: -0.5% year-on-year). June’s figure...