Trade Balance is calculated as the difference in value between imported and exported goods and services. If the national exports exceed imports, a positive balance is formed. Otherwise there is a trade deficit. The Trade Balance is a measure of Germany's economic development. Import is an indication of domestic demand; export shows external demand. A positive trade balance can have a positive effect on euro quotes, because exporters need to buy the EU currency in order to pay to manufacturers.
Germany Trade Balance
Last release
Actual
€14.5 B
Forecast
€16.0 B
Previous
€14.7 B
Date (GMT)
Reference
Actual
Forecast
Previous
Dec 2022
€10.0 B
€8.8 B
€10.9 B
Nov 2022
€10.8 B
€5.3 B
€6.8 B
Oct 2022
€6.9 B
€2.4 B
€2.8 B
Sep 2022
€3.7 B
€3.3 B
€1.2 B
Aug 2022
€1.2 B
€5.9 B
€3.4 B
Jul 2022
€5.4 B
€2.7 B
€6.2 B
Jun 2022
€6.4 B
€1.3 B
€0.8 B
May 2022
€-1.0 B
€3.4 B
€3.1 B
Apr 2022
€3.6 B
€7.4 B
€1.9 B
Mar 2022
€3.2 B
€10.5 B
€11.1 B
Feb 2022
€11.6 B
€5.1 B
€8.8 B
Jan 2022
€9.4 B
€8.8 B
€8.1 B
Dec 2021
€6.8 B
€11.7 B
€10.8 B
Nov 2021
€10.9 B
€12.8 B
€12.4 B
Oct 2021
€12.5 B
€13.1 B
€12.9 B
Sep 2021
€13.2 B
€15.4 B
€14.1 B
Aug 2021
€13.0 B
€15.8 B
€17.7 B
Jul 2021
€17.9 B
€13.1 B
€13.5 B
Jun 2021
€13.6 B
€14.2 B
€12.8 B
May 2021
€12.6 B
€15.0 B
€15.6 B