Balance of trade · Germany
Germany Imports MoM
The Germany Imports 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.
- Importancia
- Medium
- Publicado
- Monthly
- Próxima publicación
- Divisa
- EUR · euro
- Banco central
- The European Central Bank (with the Bundesbank)
Últimas cifras
El último dato, de AUG, se publicó el 2026-10-08 y fue 0.9%. Está por debajo del consenso de 2.8%. Es más que -5.5% la vez anterior (revisado).
En las últimas 12 publicaciones osciló entre -5.9% y 5.1%, con una media de 0.5%.
| Publicado | Para | Real | Consenso | Anterior |
|---|---|---|---|---|
| 8 Oct 2026 | AUG | 0.9% | 2.8% | -5.5% ® |
| 8 Sep 2026 | JUL | -5.7% | – | 4.5% ® |
| 7 Aug 2026 | JUN | 4.4% | 1% | -2.6% ® |
| 9 Jul 2026 | MAY | -2.5% | 0.1% | 1.1% ® |
| 9 Jun 2026 | APR | 1.2% | – | 4.5% ® |
| 8 May 2026 | MAR | 5.1% | 0.8% | 4.9% ® |
| 9 Apr 2026 | FEB | 4.7% | 4% | -5.1% ® |
| 10 Mar 2026 | JAN | -5.9% | – | 1.3% ® |
| 6 Feb 2026 | DEC | 1.4% | 0.2% | 0.7% ® |
| 9 Jan 2026 | NOV | 0.8% | 0.2% | -1.5% ® |
| 9 Dec 2025 | OCT | -1.2% | 0.2% | 3.1% |
| 7 Nov 2025 | SEP | 3.1% | 0.5% | -1.4% ® |
Por qué importa
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.
Cómo se calcula
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 − importsQué significan los cambios
- 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).
Mayor de lo esperado: A larger surplus (or smaller deficit) than expected tends to support the euro.
Menor de lo esperado: A smaller surplus (or larger deficit) than expected tends to weigh on the euro.
Una breve historia
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.
Preguntas
What is the Germany Imports MoM?
The Germany Imports 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 Imports MoM?
0.9% for AUG, published on 8 October 2026 (consensus 2.8%, previous -5.5%).
When is the next Germany Imports MoM?
On Monday 9 November 2026 at 07:00 UTC.
Solo contenido educativo, no asesoramiento de inversión. Las cifras son los resultados publicados según los registra nuestro calendario; las reacciones del mercado descritas son típicas, no garantizadas.