Balance of trade · Germany
Germany Exports MoM
The Germany Exports MoM shows the difference between the value of goods (and sometimes services) that Germany sells abroad and what it buys from abroad, or the growth of exports and imports.
- Importance
- Medium
- Released
- Monthly
- Next release
- Currency
- EUR · euro
- Central bank
- The European Central Bank (with the Bundesbank)
Latest figures
The latest release for AUG, published on 8 October 2026, came in at -0.8%, below the consensus of 0.8%, down from -0.5% the time before (revised).
A smaller surplus (or larger deficit) than expected tends to weigh on the euro.
Over the last 12 releases it ranged from -2.5% to 4.0%, averaging 0.5%.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 8 Oct 2026 | AUG | -0.8% | 0.8% | -0.5% ® |
| 8 Sep 2026 | JUL | -0.8% | 0% | 0.9% |
| 7 Aug 2026 | JUN | 0.9% | 0.2% | 1.1% ® |
| 9 Jul 2026 | MAY | 0.9% | -0.3% | 0.8% ® |
| 9 Jun 2026 | APR | 0.9% | -0.3% | 0.3% ® |
| 8 May 2026 | MAR | 0.5% | -1.7% | 3.6% |
| 9 Apr 2026 | FEB | 3.6% | 1% | -1.5% ® |
| 10 Mar 2026 | JAN | -2.3% | -2% | 3.9% ® |
| 6 Feb 2026 | DEC | 4% | 1% | -2.5% |
| 9 Jan 2026 | NOV | -2.5% | 0% | 0.3% ® |
| 9 Dec 2025 | OCT | 0.1% | -0.2% | 1.5% ® |
| 7 Nov 2025 | SEP | 1.4% | 0.5% | -0.8% ® |
Why it matters
Exports are a big part of demand for open economies (Germany, China, Japan, Korea, the Netherlands). A larger surplus means more foreign demand for the euro; strong imports signal domestic demand. China's figures are read as a gauge of world demand.
How it is calculated
Customs records the value of goods crossing the border; services come from surveys. The balance is exports minus imports, usually seasonally adjusted.
Trade balance = exports − importsWhat changes mean
- Look at exports and imports separately: a wider surplus from collapsing imports is a sign of weak domestic demand, not strength.
- Exchange-rate moves take months to affect trade volumes (the J-curve).
Higher than expected: A larger surplus (or smaller deficit) than expected tends to support the euro.
Lower than expected: A smaller surplus (or larger deficit) than expected tends to weigh on the euro.
A short history
Trade balances were the obsession of mercantilism in the 16th–18th centuries; David Hume's price-specie flow mechanism (1752) explained why surpluses tend to correct themselves.
Questions
What is the Germany Exports MoM?
The Germany Exports MoM shows the difference between the value of goods (and sometimes services) that Germany sells abroad and what it buys from abroad, or the growth of exports and imports.
What was the latest Germany Exports MoM?
-0.8% for AUG, published on 8 October 2026 (consensus 0.8%, previous -0.5%).
When is the next Germany Exports MoM?
On Monday 9 November 2026 at 07:00 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.