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 2014
€17.5 B
—
€22.2 B
Jul 2014
€22.2 B
—
€16.2 B
Jun 2014
€16.4 B
—
€18.8 B
May 2014
€18.8 B
—
€17.7 B
Apr 2014
€17.2 B
—
€14.8 B
Mar 2014
€15.0 B
—
€15.7 B
Feb 2014
€15.8 B
—
€17.2 B
Jan 2014
€17.3 B
—
€18.5 B
Dec 2013
€18.3 B
—
€17.8 B
Nov 2013
€18.9 B
—
€16.8 B
Oct 2013
€16.7 B
—
€18.8 B
Sep 2013
€18.7 B
—
€15.6 B
Aug 2013
€15.8 B
—
€14.5 B
Jul 2013
€15.0 B
—
€15.7 B
Jun 2013
€15.8 B
—
€14.1 B
May 2013
€14.1 B
—
€17.7 B
Apr 2013
€17.5 B
—
€17.6 B
Mar 2013
€17.6 B
—
€17.1 B
Feb 2013
€17.7 B
—
€15.7 B
Jan 2013
€15.6 B
—
€16.8 B