Germany EUR

Germany Balance of Trade

Info

History

Chart

Impact:

High

Source: Federal Statistical Office

Latest Release:

Date:

Big Surprise:

€-5.6B

EUR

Actual:

€14.6B

Forecast: €20.2B

Previous/Revision:

€21.3B

Period: Apr

Next Release:

Date:

Period: May

What Does It Measure?

The Balance of Trade measures the difference between a country's exports and imports of goods and services over a specified period. It primarily focuses on trade flows, assessing the economic strength of a nation by indicating whether it has a trade surplus (exports exceed imports) or a trade deficit (imports exceed exports).

Frequency

The Balance of Trade report is released monthly, typically around the 7th to 10th day of the following month, providing a preliminary estimate that may be revised later.

Why Do Traders Care?

Traders monitor the Balance of Trade closely as it can significantly impact a nation’s currency value; a trade surplus often supports the local currency, while a deficit may lead to depreciation. Additionally, this indicator is crucial for assessing economic health and can influence forecasts related to interest rates, thereby affecting stocks and bonds.

What Is It Derived From?

The Balance of Trade is derived from statistical data collected by customs and trade authorities, which includes comprehensive records of exports and imports. The calculation typically involves formal trade surveys and administrative data, which are aggregated to present the net trade figures.

Description

The Balance of Trade reflects the economic transactions of a country with the rest of the world, specifically focusing on trade in goods and services. The preliminary data provides an early snapshot of trade performance, with final figures released after further inspection and adjustment, which traders often find more reliable but may lead to adjustments in market sentiment as they capture more complete information.

Additional Notes

As an important economic indicator, the Balance of Trade is often considered a coincident indicator, which helps to confirm trends within the economy. It can also serve as a valuable signal for international economic relations and global market shifts, reflecting a country’s competitive position.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bearish for Stocks. Lower than expected: Bearish for EUR, Bullish for Stocks. Dovish tone: Signaling lower demand for imports and better exports, is usually good for the EUR but bad for Stocks due to potential business constraints caused by lower trade inflows.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Jun 06, 2025	€14.6B	€20.2B	€21.3B	€-5.6B
May 08, 2025	€21.1B	€19.1B	€18B	€2B
Apr 07, 2025	€17.7B	€17.8B	€16.2B	€-0.1B
Mar 10, 2025	€16B	€21B	€20.7B	€-5B
Feb 07, 2025	€20.7B	€17B	€19.2B	€3.7B
Jan 09, 2025	€19.7B	€14.8B	€13.4B	€4.9B
Dec 13, 2024	€13.4B	€16.1B	€16.9B	€-2.7B
Nov 07, 2024	€17B	€20.9B	€21.4B	€-3.9B
Oct 09, 2024	€22.5B	€18.4B	€16.9B
Sep 06, 2024	€16.8B	€21B	€20.4B	€-4.2B
Aug 07, 2024	€20.4B	€23.5B	€25.3B	€-3.1B
Jul 08, 2024	€24.9B	€21.1B	€22.2B	€3.8B
Jun 07, 2024	€22.1B	€22.6B	€22.2B	€-0.5B
May 07, 2024	€22.3B	€22.4B	€21.4B	€-0.1B
Apr 08, 2024	€21.4B	€25.5B	€27.5B	€-4.1B
Mar 06, 2024	€27.5B	€21.5B	€23.3B	€6B
Feb 05, 2024	€22.2B	€18.8B	€20.8B	€3.4B
Jan 08, 2024	€20.4B	€17.9B	€17.7B	€2.5B
Dec 04, 2023	€17.8B	€17.1B	€16.7B	€0.7B
Nov 03, 2023	€16.5B	€16.3B	€17.7B	€0.2B
Oct 05, 2023	€16.6B	€15B	€15.9B	€1.6B
Sep 04, 2023	€15.9B	€18B	€18.7B	€-2.1B
Aug 03, 2023	€18.7B	€15B	€14.6B	€3.7B
Jul 04, 2023	€14.4B	€17.5B	€16.5B	€-3.1B
Jun 05, 2023	€18.4B	€16B	€14.9B	€2.4B
May 04, 2023	€16.7B	€16.1B	€16.1B	€0.6B
Apr 04, 2023	€16B	€17B	€16B	€-1B
Mar 03, 2023	€10.8B	€8.6B	€9.7B	€2.2B
Mar 03, 2023	€16.7B	€11B	€10B	€5.7B
Feb 02, 2023	€9.7B	€5.1B	€11.2B	€4.6B
Jan 05, 2023	€11.1B	€4.5B	€5.2B	€6.6B
Dec 02, 2022	€5.3B	€9.1B	€8.1B	€-3.8B
Nov 02, 2022	€9B	€1.4B	€0.3B	€7.6B
Oct 05, 2022	€0.6B	€7.3B	€4.9B	€-6.7B
Sep 02, 2022	€4.9B	€6.2B	€7.7B	€-1.3B
Aug 03, 2022	€7.7B	€-13.6B	€2.6B	€21.3B
Jul 04, 2022	€0.5B	€1.2B	€0.9B	€-0.7B
Jun 03, 2022	€1.3B	€7.3B	€7.5B	€-6B
May 04, 2022	€9.7B	€9.5B	€11B	€0.2B
Apr 04, 2022	€11.4B	€7.1B	€3.2B	€4.3B
Mar 04, 2022	€3.5B	€9.2B	€6.6B	€-5.7B
Feb 09, 2022	€7B	€10.8B	€12B	€-3.8B
Jan 07, 2022	€12B	€14.2B	€12.7B	€-2.2B
Dec 09, 2021	€12.8B	€18.4B	€16B	€-5.6B
Nov 09, 2021	€16.2B	€17.7B	€11.7B	€-1.5B
Oct 08, 2021	€10.7B	€14.4B	€17.9B	€-3.7B
Sep 09, 2021	€18.1B	€21.1B	€16.2B	€-3B
Aug 09, 2021	€16.3B	€16.8B	€12.5B	€-0.5B
Jul 08, 2021	€12.3B	€17.4B	€15.2B	€-5.1B
Jun 09, 2021	€15.5B	€12.5B	€20.2B	€3B
May 07, 2021	€20.5B	€17.6B	€18.2B	€2.9B
Apr 09, 2021	€18.1B	€21.5B	€13.8B	€-3.4B
Mar 09, 2021	€14.3B	€12.4B	€15.2B	€1.9B
Feb 09, 2021	€14.8B	€16.2B	€16.7B	€-1.4B
Jan 08, 2021	€17.2B	€17.6B	€19.4B	€-0.4B
Dec 09, 2020	€19.4B	€23.2B	€20.6B	€-3.8B
Nov 09, 2020	€20.8B	€19.9B	€11.9B	€0.9B
Oct 08, 2020	€12.8B	€17.4B	€19.2B	€-4.6B
Sep 08, 2020	€19.2B	€22B	€15.6B	€-2.8B
Aug 07, 2020	€15.6B	€1.4B	€7B	€14.2B
Jul 09, 2020	€7.1B	€21.1B	€3.6B	€-14B
Jun 09, 2020	€3.5B	€15.9B	€17.4B	€-12.4B
May 08, 2020	€17.4B	€17B	€20.6B	€0.4B
Apr 09, 2020	€20.8B	€18.2B	€13.8B	€2.6B
Mar 09, 2020	€13.9B	€13.4B	€15.2B	€0.5B
Feb 07, 2020	€15.2B	€14B	€18.6B	€1.2B
Jan 09, 2020	€18.3B	€19.9B	€21.3B	€-1.6B
Dec 09, 2019	€21.5B	€17.5B	€21.2B	€4B
Nov 08, 2019	€21.1B	€17.2B	€16.4B	€3.9B
Oct 10, 2019	€16.2B	€14.1B	€21.6B	€2.1B
Sep 09, 2019	€21.4B	€12.9B	€16.6B	€8.5B
Aug 09, 2019	€16.8B	€16.6B	€20.6B	€0.2B
Jul 08, 2019	€20.6B	€15.9B	€17.9B	€4.7B
Jun 07, 2019	€17.9B	€17.2B	€22.6B	€0.7B
May 10, 2019	€22.7B	€20B	€18B	€2.7B
Apr 08, 2019	€17.9B	€16.5B	€14.6B	€1.4B
Mar 11, 2019	€14.5B	€14.4B	€14.3B	€0.1B
Feb 08, 2019	€13.9B	€15.1B	€20.4B	€-1.2B
Jan 09, 2019	€20.5B	€19.5B	€18.9B	€1B
Dec 10, 2018	€18.3B	€17.7B	€18.3B	€0.6B
Nov 08, 2018	€18.4B	€21.8B	€17.1B	€-3.4B
Oct 09, 2018	€17.2B	€19.1B	€16.5B	€-1.9B
Sep 07, 2018	€16.5B	€18.4B	€21.8B	€-1.9B
Aug 07, 2018	€21.8B	€24.5B	€19.6B	€-2.7B
Jul 09, 2018	€19.7B	€21.2B	€20.1B	€-1.5B
Jun 08, 2018	€20.4B	€18.7B	€24.7B	€1.7B
May 08, 2018	€25.2B	€24.5B	€18.5B	€0.7B
Apr 09, 2018	€18.4B	€19.5B	€17.3B	€-1.1B
Mar 09, 2018	€17.4B	€17.2B	€18.1B	€0.2B
Feb 08, 2018	€18.2B	€19.5B	€23.7B	€-1.3B
Dec 08, 2017	€18.9B	€21.6B	€24.1B	€-2.7B
Nov 09, 2017	€24.1B	€21.5B	€20.1B	€2.6B
Oct 10, 2017	€20B	€20.1B	€19.6B	€-0.1B
Sep 08, 2017	€19.5B	€21.1B	€22.3B	€-1.6B
Aug 08, 2017	€22.3B	€25.1B	€22B	€-2.8B
Jul 10, 2017	€22B	€17.2B	€18.1B	€4.8B
Jun 09, 2017	€18.1B	€25.1B	€25.3B	€-7B
May 09, 2017	€25.4B	€24.5B	€20B	€0.9B
Apr 07, 2017	€19.9B	€19.9B	€14.9B
Mar 10, 2017	€14.8B	€14.1B	€18.7B	€0.7B
Feb 09, 2017	€18.7B	€19.5B	€22.7B	€-0.8B
Jan 09, 2017	€22.6B	€21.4B	€19.4B	€1.2B
Dec 09, 2016	€19.3B	€20.2B	€24.2B	€-0.9B
Nov 08, 2016	€24.4B	€20.5B	€20B	€3.9B
Oct 10, 2016	€20B	€20B	€19.5B
Sep 09, 2016	€19.5B	€20.7B	€24.7B	€-1.2B
Aug 09, 2016	€24.9B	€20.8B	€21B	€4.1B
Jul 08, 2016	€21B	€20.9B	€25.7B	€0.1B
Jun 09, 2016	€25.6B	€20.1B	€26.2B	€5.5B
May 10, 2016	€26B	€21.2B	€20.2B	€4.8B
Apr 08, 2016	€20.3B	€21.5B	€13.4B	€-1.2B
Mar 10, 2016	€13.6B	€21.8B	€19B	€-8.2B
Feb 09, 2016	€18.8B		€20.5B
Jan 08, 2016	€20.6B		€22.3B
Dec 09, 2015	€22.5B		€22.8B
Nov 09, 2015	€22.9B		€15.3B
Oct 08, 2015	€15.3B		€25B
Sep 08, 2015	€25B		€24.2B
Aug 07, 2015	€24B	€18B	€19.5B	€6B
Jul 09, 2015	€19.6B	€21B	€21.9B	€-1.4B
Jun 08, 2015	€22.1B	€20B	€23.1B	€2.1B
May 08, 2015	€23B	€19.7B	€19.2B	€3.3B