Trade Balance in Germany
Germany - Trade Balance (Euros)
Trade surplus widens on strong rebound in exports
In March, the seasonally- and calendar-adjusted trade surplus rose to EUR 20.0 billion, from EUR 18.7 billion in February, as exports rebounded at a stronger pace than imports. Exports rose 1.5% month-on-month, swinging from a 1.2% contraction in February, while imports increased 0.4%, contrasting the 1.6% drop in the prior month.
On the other hand, both export and import growth slowed in March compared to the same month a year earlier. Exports recorded a modest 1.9% increase, easing from February’s 4.0% increase; however, the 12-month moving sum of exports picked up to 3.0% in March from 2.6% in February. Imports, meanwhile, expanded 4.5% year-on-year in March, down from 5.2% in February. The 12-month moving sum of exports accelerated to 6.0% in March from 5.5% in the prior month.
All told, the 12-month moving sum of the trade balance narrowed slightly to EUR 225.7 billion surplus from a EUR 227.2 billion surplus in February.
Dr. Holger Bingmann, president of the Federation of German Wholesale, Foreign Trade and Services (BGA), stated the German external sector has done well in the first quarter despite a more challenging external environment. While Bingmann noted that the many headwinds cannot be overlooked, the president of the BGA also commented that “the grand coalition has to do its homework. In times of diminishing tax revenues, it is important to make smart and long-sighted decisions that will strengthen German firms and thereby improve the revenue base of public finances.”
Germany - Trade Balance (EUR) Data
|Trade Balance (EUR billion)||200||216||243||246||246|
5 years of economic forecasts for more than 30 economic indicators.
Germany Trade Balance (EUR) Chart
Source: German Central Bank.
|Bond Yield||-0.07||0.41 %||May 13|
|Exchange Rate||1.12||0.65 %||May 13|
|Stock Market||11,877||-0.41 %||May 13|
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May 15, 2019
The economy expanded 0.4% in Q1 2019 from the previous quarter, on a price-, seasonally- and calendar-adjusted basis, up from the fourth quarter’s flat reading and above market expectations of a softer expansion.
May 14, 2019
German harmonized consumer prices rose 1.0% month-on-month in April, doubling March’s reading of a 0.5% increase.
May 11, 2019
In March, the seasonally- and calendar-adjusted trade surplus rose to EUR 20.0 billion, from EUR 18.7 billion in February, as exports rebounded at a stronger pace than imports.
May 8, 2019
Industrial production expanded 0.5% month-in-month in March in seasonally- and calendar-adjusted terms, slightly up from February’s downwardly revised 0.4% increase.
May 2, 2019
Consumer confidence in Germany is expected to remain at April’s 11.4 in May, according to the GfK Group Consumer Climate Index.