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
- Publié
- Monthly
- Prochaine publication
- Devise
- EUR · euro
- Banque centrale
- The European Central Bank (with the Bundesbank)
Derniers chiffres
La dernière publication, pour AUG, est parue le 2026-10-08 et s’est établie à -0.8%. C’est en dessous du consensus de 0.8%. C’est moins que -0.5% la fois précédente (révisé).
A smaller surplus (or larger deficit) than expected tends to weigh on the euro.
Sur les 12 dernières publications, la valeur est allée de -2.5% à 4.0%, avec une moyenne de 0.5%.
| Publié | Pour | Réel | Consensus | Précédent |
|---|---|---|---|---|
| 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% ® |
Pourquoi c’est important
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.
Mode de calcul
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 − importsCe que signifient les variations
- 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).
Supérieur aux attentes : A larger surplus (or smaller deficit) than expected tends to support the euro.
Inférieur aux attentes : A smaller surplus (or larger deficit) than expected tends to weigh on the euro.
Un bref historique
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.
Contenu éducatif uniquement, pas un conseil en investissement. Les chiffres sont les résultats publiés tels qu’enregistrés par notre calendrier ; les réactions de marché décrites sont typiques, non garanties.