Latest reading: Merchandise exports increased 4.4% year-on-year in August (July: +7.2% year-on-year). The figure marked the softest expansion since February...
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 rebound in June
Latest reading: Merchandise exports climbed 0.8% in month-on-month seasonally adjusted terms in June (May: -1.4% mom s.a.). Meanwhile, merchandise imports rose 4.2% over last month in June (May: -3.9% mom s.a.), marking the strongest result since January 2025. As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 15.5 billion surplus in June (May 2025: USD 17.8 billion surplus; June 2024: USD 21.6 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 211.4 billion surplus in June, compared to the USD 217.5 billion surplus in May.
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 increase in August -
Taiwan: Merchandise exports continue to surge in August Latest reading: Merchandise exports soared 34.1% over the same month last year in August, on the heels of July’s 42.0%... -
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Thailand: Merchandise exports growth slows in July Latest reading: Merchandise exports climbed 9.6% year on year in July, on the heels of June’s 16.0% upturn. The figure... -
Mexico: Merchandise exports rise at a more moderate rate in July Latest reading: Merchandise exports rose 4.0% annually in July (June: +10.6% year-on-year) on stronger sales of manufactured and mining goods.... -
Indonesia: Merchandise exports gain steam in June Latest reading: Merchandise exports shot up 13.1% in annual terms in June, on the heels of May’s 9.3% increase. Meanwhile,...