This is a list of the largest trading partners of Germany in 2016, based on data from the Federal Statistical Office of Germany (Destatis). Germany runs regular trade surpluses since 1952, primarily due to strong exports of vehicles and other machinery. Publish your articles and forecasts in our website. 7.15am and still nothing. Germany Balance of Trade Germany runs regular trade surpluses since 1952, primarily due to strong exports of vehicles and other machinery. Comic: Vaccine Rollout, Fed Meeting To Drive Sentiment In The Week... Drug combination improves COVID-19 pneumonia outcomes; five genes... Dow Ends Higher but Snaps 3-Week Win Streak as Wait for Stimulus Drags. Machinery (14.7%) and computer, electronics and optical products (8.9%) ranked second and third, respectively, among the most important export items. Ranking of Germany's trading partners in Foreign Trade Imports Turnover (Exports + Imports) Foreign Trade Balance (Exports - Imports) Rank Exports Year 2019 101 Cote d'Ivoire 211 956 Guinea 114 636 Guatemala 412 975 Bahamas + 29 482 102 Cuba 198 668 Panama 108 371 Albania 405 037 Kongo, Republic of the + 28 921 Adjusted for calendar and seasonal effects, exports were still 6.8 percent and imports 5.2 percent lower than in February of 2020, the month before restrictions were imposed due to the coronavirus pandemic. Germany: Exports bounce back in May, outlook remains uncertain. According to final results, goods worth 206.0 billion euros were traded between Germany and the People's Republic of China in 2019 (exports and imports). The Trading Economics Application Programming Interface (API) provides direct access to our data. In the FX world,... We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Details may not equal totals due to rounding. Economic Events and content by followed authors. A positive balance value indicates a trade surplus, while a negative one hints at a trade deficit. Table reflects only those months for which there was trade. Data are in current U.S. dollars. Balance of Trade in Germany averaged 5506.22 EUR Million from 1950 until 2020, reaching an all time high of 25455.63 EUR Million in March of 2016 and a record low of -535.91 EUR Million in April of 1991. External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). On a seasonally adjusted basis, exports rose 4.7 percent in July, below expectations of 5 percent, while imports increased 1.1 percent, compared to forecasts of a 3.3 percent gain. Are you sure you want to block %USER_NAME%? Trade Balance n.s.a. Exports shrank 6.5 percent year-on-year to EUR 112 billion, the 8th straight annual decline and imports fell 5.9 percent to EUR 92.7 billion, the 10th consecutive drop. 1. It's lower than the $53,129 enjoyed in the United States and less than the European Union overall at $36,593. Your ability to comment is currently suspended due to negative user reports. Accounting for 16.8% motor vehicles and parts thereof of exports, was Germany's main export product in 2019. In contrast, purchases rose from China (up 3 percent) and the US (3 percent). In 2018, Germany exported $1.5T and imported $1.2T, resulting in a positive trade balance of $305B. More Tables All Rights Reserved, Avoid profanity, slander or personal attacks. Wed 9 Dec 2020 07:00:08 GMT. [63] In 2016, China became Germany's largest trading partner and retained that spot for three consecutive years (2016, 2017, 2018). Germany's trade surplus decreased to EUR 18.3 billion in November 2019 from EUR 20.2 billion in the same month the previous year. %USER_NAME% was successfully added to your Block List. Sales to the United States, which have been hit particularly hard by the coronavirus pandemic, dropped 5.8 percent while sales to China increased 10.6 percent. This comment has already been saved in your, Why hasn't your calendar updated this news? Germany's trade surplus declined to EUR 12.8 billion in August 2020, from EUR 16.4 billion in the same month of the previous year, as the coronavirus pandemic hit global demand. Germany’s external debt is the equivalent of over 20 times the magnitude of its positive international trade balance. Exports to the Euro Area went down 5.1 percent and those to the UK sank 11.7 percent. The same applies to employment. Germany's Economic Growth Statistics . The trade balance recorded the export and import of goods in the balance of services (services) posted to the so-called “invisible exports and imports” of services and factor services in the areas of travel, transport and insurance services, investment income, patents, and licenses. Germany trade balance for 2019 was $224.49B, a 7.75% decline from 2018. Wall Street is set to open the week in cautious fashion, consolidating after last... Equities rebounded yesterday during the US session, with the positive morale rolling into the Asian trading today, following more positive headlines over COVID-19 vaccines. A positive number indicates that more goods and services were exported than imported (a trade surplus). Trade balance is the value of exported goods minus the value of imported goods. Last year, this amounted to more than 2 percent of economic output, accounting for a quarter of the current account surplus. Germany posted its biggest trade surplus in four months as exports showed a surprise gain. Germany Trade Balance May 2020. Germany Trade Last Previous Highest Lowest Unit; Balance of Trade 19400.00: 20585.41: 25455.63-535.91: EUR Million: Current Account 22500.00: 25200.00: 32222.30-9353.00: EUR Million: Current Account to GDP 7.10: 7.40: 8.60-1.80: percent: Imports 92700.00: 89248.65: 98544.67: 346.78 1 Germany's economy grew strongly in 2017, driven by investment, consumption, and international trade. In 2017, the largest trade surpluses were recorded with the US, the UK, France, Austria, Spain, Sweden and the UAE; while the biggest trade deficits were recorded with China, Vietnam, Norway, Russia, the Netherlands, Ireland and Czech Republic. Between 1890 and 1913 German exports tripled and by 1913 Germany's share of world manufacturing production was 14.8 per cent, ahead of Britain's 13.6 per cent. Imports fell at a softer 7.9 percent, as purchases from the EU dropped 5.4 percent and those from third countries tumbled 10.5 percent. Are you sure you want to delete this chart? Balance Of Trade - BOT: The balance of trade (BOT) is the difference between a country's imports and its exports for a given time period. Latest data released by Destatis - … Germany's GDP per capita was $46,749 in 2017, better than the 2016 average of $45,923. 2018. 2019. The Trade Balance measures the difference in worth between exported and imported goods over the month. Lacking volatility, Comic: Vaccine Rollout, Fed Meeting To Drive Sentiment In The Week Ahead, U.S. FDA Approves Pfizer Vaccine as Pandemic Reaches Critical Point, Drug combination improves COVID-19 pneumonia outcomes; five genes linked to severe disease, 3 Dividend Stocks To Buy, Hold And Profit From For The Rest Of Your Life, Two REITs To Buy Into Increasing Real Estate Prices, Vanguard Total Bond Market II Index Fund Investor, PIMCO Commodity Real Return Strategy Institutional, SG FTSE MIB Gross TR 5x Daily Short Strategy RT 18, Vontobel 7X Long Fixed Lever on Natural Gas 8.06, Top 5 Things to Know in the Market on Monday, Direxion Daily Junior Gold Miners Bull 2X Shares. From a technical point of view, on a daily chart, EUR/USD remains on the upside and is supported by its rising 50-period moving average (in blue). NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Your status will be reviewed by our moderators. Germany is the United States' largest European trading partner and the sixth-largest market for U.S. exports. Cars are also produced in Sweden and find their customers in Germany. U.S. President Donald Trump has repeatedly criticized the German trade surplus and threatened to impose punitive tariffs on German exports, such as cars. It may therefore take some time before it appears on our website. Imports fell at a faster 11.3 percent, as purchases from the EU plunged 13.1 percent and those from third countries declined 12.2 percent. Germany's Economic Growth Statistics . Germany trade balance, exports and imports by country 2017 In 2017, Germany major trading partner countries for exports were United States , France , China , United Kingdom and Netherlands and for imports they were China , Netherlands , France , United States and Italy . Germany Trade Balance - 22.738 USD Billion in 2020. The trade balance, which comprises the services balance, the factor income account and the current transfers balance, is recorded in the current account, which in turn is part of the balance of payments. In addition, so-called intra-industry trade – trade in the same products – plays an important role in world trade, in particular in trade among industrialised countries. In 2018 Germany was the number 4 economy in the world in terms of GDP (current US$), the number 2 in total exports, the number 3 in total imports, and the number 4 most complex economy according to the Economic Complexity Index (ECI). Imports to the Euro Area decreased 2.9 percent and those from the UK were down 14.7 percent. Sign up to create alerts for Instruments, Germany's trade surplus was the highest with the United States, totaling 48.9 billion euros, followed by the United Kingdom (45 billion euros) and France (40.2 billion euros). (not seasonally adjusted) shows the difference between Germany's export and import of goods and services over the reported period. On a seasonally adjusted basis, exports rose 2.4 percent from a month earlier, beating expectations of 1.4 percent, while imports were up 5.8 percent, compared to forecasts of a 1.4 percent gain. This page provides - Germany Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Also, June Industrial Production was published at +8.9%, vs +8.1% expected. Opening Bell: Stocks Pressured By Facebook, Pfizer; Gold Drops,... To use this feature, make sure you are signed-in to your account, Make sure you are signed-in with the same user profile. Direct access to our calendar releases and historical data. The Trade Balance measures the difference in worth between exported and imported goods over the month. might trigger the european stock markets today.... EUR/USD must be down first but after this may be upward again, EUR/USD holding steady around 1.3800. Ger-many’s trade surplus took off around 2000, and the United States’ trade deficit increased rather steadily until the Great Recession hit. In addition to trade surpluses in goods, the German current account surplus also reflects substantial net investment income generated internationally. More. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Germany Trade Balance May 2020 Germany: Exports bounce back in May, outlook remains uncertain July 9, 2020 In May, merchandise exports grew 9.0% month-on-month on a calendar- and seasonally-adjusted basis, swinging from the steep 24.0% contraction in April. Please wait a minute before you try to comment again. A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. Exports were down 3.8 percent year-on-year to EUR 109.8 billion and imports declined 4.3 percent to EUR 89 billion. Germany trade … any of each other's Investing.com's posts. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The German current account of the balance of payments showed a surplus of 26.3 billion euros in September 2020, which takes into account the balances of trade in goods (+23.2 billion euros), services (-0.8 billion euros), primary income (+7.4 billion euros) and secondary income (-3.4 billion euros). 2017. Replace the attached chart with a new chart ? Exports dropped 10.2 percent due to lower sales to the European Union (-7 percent) and to third countries (-13.6 percent), in particular the UK (-7.3 percent), the US (-21.1 percent) and China (-1.1 percent). However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion. Germany October trade balance €19.4 billion vs €18.5 billion expected. By doing so, you and %USER_NAME% will not be able to see The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. It's lower than the $53,129 enjoyed in the United States and less than the European Union overall at $36,593. The Trade Balance measures the difference in worth between exported and imported goods over the month. Germany's GDP per capita was $46,749 in 2017, better than the 2016 average of $45,923. Adjusted for calendar and seasonal effects, exports were down 7.7 percent and imports 5.7 percent compared with February of 2020, the month before restrictions were imposed due to the coronavirus pandemic. Germany trade balance for 2018 was $243.35B, a 6.52% decline from 2017. Take-profit.org provides actual statistics, charts, historical data by presidents about trade surplus and deficit in Germany. A positive number indicates that more goods were exported than imported. In May, merchandise exports grew 9.0% month-on-month on a calendar- and seasonally-adjusted basis, swinging from the steep 24.0% contraction in April. Germany - Trade Balance (EUR) Data. BERLIN, Feb. 18 (Xinhua) -- China remained Germany's most important trading partner for the third consecutive year with a total trade volume of 199.3 billion euros (225.7 billion U.S. dollars) in 2018, according to preliminary figures published on Monday … In 2017, Germany's GDP growth rate was 2.4% better than it had been in the previous year. foreign trade • In 2018, Germany’s main trading region for the exchange of goods continued to be Europe, which accounted for 68.5% of German exports and also for 68.5% of German imports. This page provides forecast and historical data, charts, statistics, news and updates for Germany … Trade Balance (EUR billion) 242. The data reached an all-time high of 28.7 USD bn in Jul 2014 and a record low of -443.5 USD mn in May 1991. The Trade Balance measures the difference in worth between exported and imported goods over the month. The foreign trade balance stood at 21.4 billion euros ($23.6 billion) in … Purchases from China slumped 3.3 percent, those from the US 18.8 percent and from the UK 17.6 percent. Among these, imports fell from the UK (-22.2 percent) and the US (-5.2 percent), while imports from China were unchanged. More than one in four jobs in Germany depends directly or indirectly on exports. Sales to the United States, which have been hit particularly hard by the coronavirus pandemic, dropped 10.5 percent while sales to China edged up 0.3 percent. Author: Justin Low | Category: News. Latest data released by Destatis - 8 September 2020 German trade balance grew by a little more than expected in July, as both exports and imports … Thanks for your comment. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR. A positive number indicates that more goods were exported than imported. Germany's trade surplus declined to EUR 19.2 billion in July 2020 from EUR 21.3 billion in the same month of the previous year, as the coronavirus pandemic hit global demand. A positive number indicates that more goods were exported than imported. Download historical data for 20 million indicators using your browser. 2015. Here are the top 5 things you need to know in the markets on Monday, April 8 A negative number indicates that fewer goods and services were exported than imported (a trade deficit). 246. Merchandise Trade summary statistics data for Germany (DEU) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year 2018 The year-over … Germany trade balance for 2019 was $224.49B, a 7.75% decline from 2018. Germany - Trade Balance (Euros) Exports rise in February German exports rose 1.3% month-on-month on a seasonally- and calendar-adjusted basis, up from January’s revised 0.1% … In principle, Germany’s balance of payments statistics cover all transactions between residents (of the Federal Republic of Germany) and nonresidents. Trade is important, not least for Germany – a country that accounts for 7.2% of global trade. This morning, June German Balance of Trade was released at EUR 15.6 billion surplus, much higher than EUR 1.4 billion surplus expected. Net Exports for Germany from Federal Statistical Office (FSO) - Germany for the National Accounts release. EURUSD has dropped a lot, it could go up if this is good number, especially eurjpy. Germany Trade Balance recorded a surplus of 20.7 USD bn in Sep 2020, compared with a surplus of 18.3 USD bn in the previous month. Imports to the Euro Area decreased 4.4 percent and those from the UK were down 14.7 percent. 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