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...
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 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 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
-
Mexico: Merchandise exports increase in June -
India: Merchandise exports fall at a slower pace in June Latest reading: Merchandise exports were broadly stable in June, falling just 0.1% year-on-year, following May’s 2.2% fall. Meanwhile, merchandise imports... -
Singapore: Non-oil domestic exports rebound in June Latest reading: Non-oil domestic exports (NODX) soared 13.0% on an annual basis in June, following May’s 3.9% drop. June’s outturn... -
Japan: Exports fall further in June; Japan and U.S. agree trade deal in July Latest reading: For the first time in two years, in June, yen-denominated merchandise exports shrank annually for the second consecutive... -
Argentina: Merchandise exports increase in June Latest reading: Merchandise exports shot up 10.8% on an annual basis in June (May: -7.5% year-on-year) thanks to booming energy... -
Malaysia: Merchandise exports rise at a milder pace in June Latest reading: Merchandise exports climbed 7.2% on an annual basis in June, on the heels of May’s 9.3% increase. The... -
Indonesia: Merchandise export growth surges in May Latest reading: Merchandise exports climbed 9.7% over the same month last year in May (April: +5.1% year-on-year). Meanwhile, merchandise imports...