Latest reading: Merchandise exports shrank 1.7% month on month in seasonally adjusted terms in April, contrasting March’s 1.2% 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 2021.
Source: Macrobond.
Germany Trade Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (EUR bn) | 224.0 | 180.4 | 175.9 | 88.1 | 217.7 |
Merchandise exports continue to rise amid front-loading in March
Latest reading: Merchandise exports rose 1.1% month on month in seasonally adjusted terms in March, deteriorating from February’s 1.8% rise. Still, the increase was the fifth straight amid front-loading ahead of U.S. tariffs. Meanwhile, merchandise imports fell 1.4% on a monthly basis in March (February: +0.5% mom s.a.). As a result, the merchandise trade balance improved from the previous month, recording a EUR 23.3 billion surplus in March (February 2025: EUR 18.6 billion surplus; March 2025: EUR 21.8 billion surplus). Lastly, the trend rose, with the 12-month trailing merchandise trade balance recording a EUR 227.1 billion surplus in March, compared to the EUR 225.6 billion surplus in February.
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.
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