Latest reading: In September, the trade balance was USD +2.8 billion, following a USD +3.7 billion reading in the prior...
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 in July
Latest reading: Merchandise exports fell 0.6% on a seasonally and calendar-adjusted month-on-month basis in July (June: +1.1% mom s.a.). Meanwhile, merchandise imports contracted 0.1% on a sequential basis in July (June: +4.1% mom s.a.). As a result, the merchandise trade balance improved from the previous month, recording a USD 16.9 billion surplus in July (June 2025: USD 15.9 billion surplus; July 2024: USD 20.2 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 208.5 billion surplus in July, compared to the USD 211.8 billion surplus in June.
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
-
Vietnam: Merchandise trade surplus narrows in September -
Korea: Merchandise trade surplus widens in September Latest reading: In September, the trade balance rose to USD +9.6 billion, up from USD +6.5 billion in the previous... -
Thailand: Merchandise trade surplus shrinks in August Latest reading: In August, the trade balance was USD +0.8 billion, following a USD +2.5 billion reading in the prior... -
Mexico: Merchandise trade slips into deficit in August Latest reading: In August, the trade balance was USD -1.9 billion, following a USD 0.0 billion reading in the prior... -
Argentina: Merchandise trade surplus widens in August Latest reading: In August, the trade balance was USD +1.4 billion, following a USD +0.9 billion reading in the prior... -
Malaysia: Merchandise trade surplus widens in August Latest reading: In August, the trade balance was USD +3.8 billion, following a USD +3.4 billion reading in the prior... -
Japan: Merchandise exports fall further in August Latest reading: In August, the trade balance was JPY -0.2 trillion, following a JPY -0.1 trillion reading in the prior...