Balance of Trade

This is the aggregate of all the trade operations in Germany, including seasonal factors, i.e. those that can make corrections to the net trade balance. The trade balance represents the difference between the products manufactured and exported from the country of production and the volume of products imported into the country. If the trade balance is positive, it means that the economy is doing well and the trade balance is in a state of surplus. If on the contrary the trade balance is negative, it is the sign of deficit which affects badly on the economic processes, on the exchange rate of the national currency, on trust and creditworthiness of the country.

Trade balance is measured directly in monetary units of the country in which this indicator is released. Accordingly, the German trade balance is measured in euros. It has little impact on the market.

• Release Frequency: monthly.
• Release Schedule: 07:15 GMT, preliminary reports are published about 40 days after the reporting period.
• Source: Federal Statistical Office of Germany.