Latest reading: Merchandise exports climbed 4.8% on an annual basis in May, on the heels of April’s 8.1% rise and...
Merchandise Trade Balance in Germany
In the year 2024, the merchandise trade balance in Germany was EUR 240.5 billion, compared to EUR 213.6 billion in 2014 and EUR 217.7 billion in 2023. It averaged EUR 210.0 billion over the last decade. 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 | 240.8 |
Merchandise exports fall in April as boost from front-loading ahead of U.S. tariff hikes fades
Latest reading: Merchandise exports shrank 1.7% month on month in seasonally adjusted terms in April, contrasting March’s 1.2% rise and marking the first decline in six months as front-loading efforts ahead of U.S. tariffs simmered down. Meanwhile, merchandise imports rebounded 3.9% on a monthly basis in April (March: +1.4% mom s.a.). As a result, the merchandise trade balance deteriorated from the previous month, recording a EUR 14.7 billion surplus in April (March 2025: EUR 23.5 billion surplus; April 2024: EUR 23.5 billion surplus). Lastly, the trend worsened, with the 12-month trailing merchandise trade balance recording a EUR 219.0 billion surplus in April, compared to the EUR 227.7 billion surplus in March.
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 grow at a milder pace in May -
Taiwan: Merchandise exports accelerate in May Latest reading: Merchandise exports shot up 38.6% year-on-year in May (April: +29.9% year-on-year). May’s result marked the fastest expansion since... -
Germany: Merchandise exports fall in April as boost from front-loading ahead of U.S. tariff hikes fades Latest reading: Merchandise exports shrank 1.7% month on month in seasonally adjusted terms in April, contrasting March’s 1.2% rise and... -
Germany: Merchandise exports fall in April as boost from front-loading ahead of U.S. tariff hikes fades Latest reading: Merchandise exports shrank 1.7% month on month in seasonally adjusted terms in April, contrasting March’s 1.2% rise and... -
Philippines: Merchandise exports rise at a softer pace in April Latest reading: Merchandise exports rose 7.0% on an annual basis in April, following March’s 8.7% increase. Meanwhile, merchandise imports fell... -
Thailand: Merchandise exports rise at a more moderate rate in April Latest reading: Merchandise exports rose 9.8% over the same month last year in April, on the heels of March’s 17.8%... -
Indonesia: Merchandise exports grow at a slower pace in March Latest reading: Merchandise exports increased 0.6% over the same month last year in March (February: +13.7% year-on-year). March’s outturn marked...