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
Aug 2019
€18.1 B
€18.6 B
€20.5 B
Jul 2019
€20.2 B
€18.6 B
€17.9 B
Jun 2019
€18.1 B
€18.8 B
€18.7 B
May 2019
€18.7 B
€19.8 B
€17.0 B
Apr 2019
€17.0 B
€20.5 B
€19.9 B
Mar 2019
€20.0 B
€18.2 B
€18.7 B
Feb 2019
€18.6 B
€18.9 B
€18.6 B
Jan 2019
€18.5 B
€21.0 B
€19.9 B
Dec 2018
€19.4 B
€16.4 B
€18.9 B
Nov 2018
€19.0 B
€17.5 B
€17.9 B
Oct 2018
€17.3 B
€18.0 B
€17.7 B
Sep 2018
€17.6 B
—
€18.2 B
Aug 2018
€18.3 B
—
€15.9 B
Jul 2018
€15.8 B
—
€19.3 B
Jun 2018
€19.3 B
—
€20.3 B
May 2018
€20.3 B
—
€19.4 B
Apr 2018
€19.4 B
—
€21.6 B
Mar 2018
€22.0 B
—
€19.2 B
Feb 2018
€19.2 B
—
€21.3 B
Jan 2018
€21.3 B
—
€21.4 B