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Trade Balance s.a.

The Trade Balance released by the Statistisches Bundesamt Deutschland is a balance between exports and imports of total goods and services. A positive value shows a trade surplus, while a negative value shows a trade deficit. It is an event that generates some volatility for the EUR. If a steady demand in exchange for German exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the EUR. Review Alex Nekritin's Article - Trading the Euro with Germany Trade Balance

Most recent - Thursday 7 August 2025 06:00

Previous
€18.6B
Revised
€18.6B
Forecast
€17.3B
Actual
€14.9B

Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.

Next event - Monday 8 September 2025 06:00

Previous
-
Forecast
-
Actual
-

The typical/expected impact on EUR pairs is medium.

There is no forecast value for Trade Balance s.a. yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Trade Balance s.a. was €14.9B against a forecast of €17.3B.

Past events

Date
Forecast
Actual
Thursday 7 August 2025 06:00
€17.3B
€14.9B
Tuesday 8 July 2025 06:00
€15.5B
€18.4B
Friday 6 June 2025 06:00
€20.2B
€14.6B
Thursday 8 May 2025 06:00
€19.1B
€21.1B
Monday 7 April 2025 06:00
€17.8B
€17.7B
Monday 10 March 2025 07:00
€21B
€16B
Friday 7 February 2025 07:00
€17B
€20.7B
Thursday 9 January 2025 07:00
€14.8B
€19.7B
Friday 13 December 2024 07:00
€16.1B
€13.4B
Thursday 7 November 2024 07:00
€20.9B
€17B
Wednesday 9 October 2024 06:00
€18.4B
€22.5B
Friday 6 September 2024 06:00
€21B
€16.8B
Wednesday 7 August 2024 06:00
€23.5B
€20.4B
Monday 8 July 2024 06:00
€20.3B
€24.9B
Friday 7 June 2024 06:00
€22.6B
€22.1B
Tuesday 7 May 2024 06:00
€22.4B
€22.3B
Monday 8 April 2024 06:00
€25.5B
€21.4B
Wednesday 6 March 2024 07:00
€21.5B
€27.5B
Monday 5 February 2024 07:00
€18.8B
€22.2B
Monday 8 January 2024 07:00
€17.9B
€20.4B
Monday 4 December 2023 07:00
€17B
€17.8B
Friday 3 November 2023 07:00
€16.3B
€16.5B
Thursday 5 October 2023 06:00
€15B
€16.6B
Monday 4 September 2023 06:00
€18B
€15.9B
Thursday 3 August 2023 06:00
€15B
€18.7B
Tuesday 4 July 2023 06:00
€17B
€14.4B
Monday 5 June 2023 06:00
€16.4B
€18.4B
Thursday 4 May 2023 06:00
€16.1B
€16.7B
Tuesday 4 April 2023 06:00
€17B
€16B
Friday 3 March 2023 07:00
€11B
€16.7B
Thursday 2 February 2023 07:00
€9.2B
€10B
Thursday 5 January 2023 07:00
€7.5B
€10.8B
Friday 2 December 2022 07:00
€5.2B
€6.9B
Wednesday 2 November 2022 07:00
€0.7B
€3.7B
Wednesday 5 October 2022 06:00
€4B
€1.2B
Friday 2 September 2022 06:00
€4.8B
€5.4B

Economic context

Recent economic data has been moderately bearish for EUR. Other recent announcements which may affect the market's interpretation of the next Trade Balance s.a. result:

PreviousLatest
Core Harmonized Index of Consumer Prices (MoM)(no change)-0.2%-0.2%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.3%2.3%
Harmonized Index of Consumer Prices (MoM)(no change)0%0%
Producer Price Index (MoM)Bearish change0.1%-0.1%
Producer Price Index (YoY)Bearish change-1.3%-1.5%
Employment Change (QoQ)Bearish change0.2%0.1%
Gross Domestic Product s.a. (QoQ)(no change)0.1%0.1%
Gross Domestic Product s.a. (YoY)(no change)1.4%1.4%
Industrial Production s.a. (MoM)Bearish change1.1%-1.3%
Consumer Price Index (EU norm) (YoY)(no change)0.9%0.9%
Harmonized Index of Consumer Prices (YoY)(no change)2.7%2.7%
Harmonized Index of Consumer Prices (MoM)(no change)0.4%0.4%
Harmonized Index of Consumer Prices (YoY)(no change)1.8%1.8%
ZEW Survey – Current SituationBearish change-59.5-68.6
ZEW Survey – Economic SentimentBearish change52.734.7
ZEW Survey – Economic SentimentBearish change36.125.1
Consumer Price Index (EU Norm) (YoY)(no change)1.7%1.7%
Consumer Price Index (YoY)(no change)1.7%1.7%
Industrial Production n.s.a. w.d.a. (YoY)Bearish change-0.2%-3.6%
Industrial Production s.a. (MoM)Bearish change-0.1%-1.9%

About Trade Balance s.a.

Country:Germany
Currency:EUR
Source:Federal Statistics Office of Germany
Category:Capital Flows
Frequency:Monthly
 
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