Merchandise Trade Balance in Germany
Merchandise exports increase at a softer rate in March
Merchandise exports increased 4.3% annually in March, following February’s 6.4% increase. March’s outturn marked the weakest expansion since February 2021. Meanwhile, merchandise imports declined 5.6% in annual terms in March (February: +2.7% yoy), marking the weakest result since January 2021.
As a result, the merchandise trade balance improved from the previous month, recording a USD 22.5 billion surplus in March (February 2023: USD 17.0 billion surplus; March 2022: USD 9.2 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 105.4 billion surplus in March, compared to the USD 92.1 billion surplus in February.
Germany Merchandise Trade Balance Chart
This chart displays Merchandise Trade Balance (EUR bn) for Germany from 2013 to 2022.
Germany Merchandise Trade Balance Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (EUR bn) | 247.9 | 228.7 | 224.0 | 180.4 | 175.3 |