Germany EUR

Germany Balance of Trade s.a

Impact:
Low

Latest Release:

Date:
Surprise:
€0.8B
Actual:
€10B
Forecast: €9.2B
Previous/Revision:
€10.9B
Period: Dec
What Does It Measure?
The Balance of Trade measures the difference between a nation's exports and imports of goods and services. It primarily focuses on international trade and assesses the strength of a country's economy through its trade surplus or deficit.
Frequency
The Balance of Trade for Germany is released on a monthly basis and represents final figures for the preceding month, typically published around the 7th working day of each month.
Why Do Traders Care?
Traders watch Germany's Balance of Trade closely because it influences investor sentiment and economic forecasts, impacting the Euro and overall financial markets. A trade surplus tends to strengthen the Euro and may positively affect stock prices, while a deficit can have the opposite effect.
What Is It Derived From?
The Balance of Trade is derived from international trade data, which includes statistics on exports and imports collected from customs sources and trade surveys. The calculation involves aggregating the total value of goods and services exported and subtracting the total value of goods and services imported.
Description
The Balance of Trade indicator is presented as either a surplus (when exports exceed imports) or a deficit (when imports exceed exports). Preliminary data may indicate early trends, while final figures present a more conclusive reflection of trade performance, which can sway market reactions strongly at the point of release. The report typically uses a Year-over-Year (YoY) basis, allowing traders to analyze long-term trends while filtering out short-term fluctuations.
Additional Notes
This indicator serves as a leading measure of economic health, reflecting how competitive a nation's economy is in global markets. The Balance of Trade can correlate with other economic indicators like GDP and employment rates, and it is crucial for understanding broader economic dynamics, particularly in the Eurozone.

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 Time Actual Forecast Previous Surprise
€10B
€9.2B
€10.9B
€0.8B
€10.8B
€7.5B
€6.9B
€3.3B
€6.9B
€5.2B
€2.8B
€1.7B
€3.7B
€0.7B
€1.2B
€3B
€1.2B
€4B
€3.4B
€-2.8B
€5.4B
€4.8B
€6.2B
€0.6B
€6.4B
€0.2B
€0.8B
€6.2B
€-1B
€2.7B
€3.1B
€-3.7B
€3.5B
€1.6B
€1.9B
€1.9B
€3.2B
€9.8B
€11.1B
€-6.6B
€11.5B
€9.6B
€8.9B
€1.9B
€9.4B
€6.1B
€8.1B
€3.3B
€6.8B
€10.4B
€10.9B
€-3.6B
€10.9B
€12.8B
€12.4B
€-1.9B
€12.5B
€13.4B
€12.9B
€-0.9B
€13.2B
€13.6B
€14B
€-0.4B
€13B
€15.8B
€17.7B
€-2.8B
€17.9B
€13B
€14.1B
€4.9B
€13.6B
€13.4B
€12.8B
€0.2B
€12.6B
€15.4B
€15.6B
€-2.8B
€15.9B
€16.3B
€14B
€-0.4B
€14.3B
€19.5B
€18.9B
€-5.2B
€19.1B
€20B
€21.3B
€-0.9B
€22.2B
€16.4B
€16.4B
€5.8B
€16.1B
€15.9B
€16B
€0.2B
€16.4B
€18.2B
€18.2B
€18B
€17.6B
€0.2B
€17.8B
€15.8B
€15.4B
€2B
€15.7B
€18.2B
€18B
€-2.5B
€18B
€16B
€14.5B
€2B
€14.5B
€10.1B
€7.5B
€4.4B
€7.6B
€5.2B
€3.4B
€2.4B
€3.2B
€10B
€12.8B
€-6.8B
€12.8B
€18.9B
€21.4B
€-6.1B
€21.6B
€17.5B
€18.7B
€4.1B
€18.5B
€15.4B
€19B
€3.1B
€19.2B
€18.4B
€18.5B
€0.8B
€18.3B
€20B
€20.4B
€-1.7B
€20.6B
€19B
€19.2B
€1.6B
€19.2B
€18.1B
€18.7B
€1.1B
€18.1B
€19.1B
€20.5B
€-1B
€20.2B
€17.5B
€18B
€2.7B
€18.1B
€18.6B
€18.7B
€-0.5B
€18.7B
€17B
€16.9B
€1.7B
€17B
€18.6B
€20B
€-1.6B
€20B
€18.2B
€18.7B
€1.8B
€18.7B
€18B
€18.6B
€0.7B
€18.5B
€21B
€19.9B
€-2.5B
€19.4B
€18.4B
€18.9B
€1B
€19B
€18B
€17.9B
€1B
€17.3B
€17.7B
€17.7B
€-0.4B
€17.6B
€18B
€18.2B
€-0.4B
€18.3B
€16.4B
€15.9B
€1.9B
€15.8B
€19B
€19.3B
€-3.2B
€19.3B
€20.3B
€20.4B
€-1B
€20.3B
€20B
€19B
€0.3B
€19.4B
€21B
€21.6B
€-1.6B
€22B
€19.8B
€19.4B
€2.2B
€19.2B
€21.4B
€21.3B
€-2.2B
€21.3B
€21.1B
€21.4B
€0.2B
€21.4B
€21.7B
€22.3B
€-0.3B
€19.9B
€21.8B
€21.9B
€-1.9B
€21.8B
€21.1B
€21.3B
€0.7B
€21.6B
€20B
€19.3B
€1.6B
€19.5B
€20.3B
€21.2B
€-0.8B
€21.2B
€21B
€20.3B
€0.2B
€20.3B
€20.3B
€19.7B