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 - Tuesday 9 June 2026 06:00

Previous
€14.7B
Revised
€14.7B
Forecast
€15B
Actual
€14.5B

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

Next event - Thursday 9 July 2026 06:00

Previous
€14.5B
Forecast
€15B
Actual
-

The typical/expected impact on EUR pairs is medium.

The consensus forecast for Trade Balance s.a. is €15B. A higher value than forecast tends to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.

Trading range

Forecast history

The most recent announced value for Trade Balance s.a. was €14.5B against a forecast of €15B.

Past events

Date
Forecast
Actual
Tuesday 9 June 2026 06:00
€15B
€14.5B
Friday 8 May 2026 06:00
€18.4B
€14.3B
Thursday 9 April 2026 06:00
€18.5B
€19.8B
Tuesday 10 March 2026 07:00
€15.2B
€21.2B
Friday 6 February 2026 07:00
€14.1B
€17.1B
Friday 9 January 2026 07:00
€16.5B
€13.1B
Tuesday 9 December 2025 07:00
€15.2B
€16.9B
Friday 7 November 2025 07:00
€16.8B
€15.3B
Thursday 9 October 2025 06:00
€15.2B
€17.2B
Monday 8 September 2025 06:00
€15.4B
€14.7B
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

Economic context

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

PreviousLatest
Producer Price Index (MoM)Bearish change0.7%0.2%
Producer Price Index (YoY)Bullish change5%5.9%
Retail Sales (MoM)Bullish change-0.3%0.2%
Retail Sales (YoY)Bullish change0.9%1.6%
Sentix Investor ConfidenceBullish change-13.4-3.1
Factory Orders n.s.a. (YoY)Bullish change2.1%6.2%
Factory Orders s.a. (MoM)Bullish change-3.2%1.9%
HCOB Composite PMIBullish change49.550
HCOB Composite PMIBullish change4849.5
HCOB Services PMIBullish change46.848.6
HCOB Services PMIBullish change50.154.2
Unemployment Rate(no change)6.2%6.2%
Core Harmonized Index of Consumer Prices (MoM)Bearish change0.3%0.2%
Core Harmonized Index of Consumer Prices (YoY)Bearish change2.6%2.4%
Harmonized Index of Consumer Prices (MoM)Bearish change0.1%-0.1%
Harmonized Index of Consumer Prices (YoY)Bearish change3.2%2.8%
HCOB Manufacturing PMIBullish change5050.3
HCOB Manufacturing PMIBearish change52.952.2
HCOB Manufacturing PMIBearish change51.249.7
Consumer Price Index (MoM)Bearish change-0.2%-0.3%
Consumer Price Index (YoY)Bearish change2.6%2.3%
Harmonized Index of Consumer Prices (MoM)Bearish change-0.1%-0.2%
Harmonized Index of Consumer Prices (YoY)Bearish change2.7%2.4%
Consumer Price Index (EU Norm) (YoY)Bearish change3.2%3.1%
Consumer Price Index (YoY)Bearish change3.2%3%
Unemployment ChangeBearish change-12K-1K
Unemployment Rate s.a.(no change)6.3%6.3%
Consumer Price Index (EU norm) (YoY)Bearish change2.8%2%
Retail Sales (MoM)Bullish change-0.4%1.1%
Retail Sales (YoY)Bullish change-0.6%1.8%
Business ClimateBearish change-0.27-0.38
Consumer Confidence(no change)-17.7-17.7
Economic Sentiment IndicatorBullish change93.795
Harmonized Index of Consumer Prices (YoY)(no change)3.6%3.6%
Gross Domestic Product (QoQ)(no change)0.6%0.6%
GfK Consumer Confidence SurveyBullish change-29.7-29.2
IFO – Business ClimateBullish change8585.6
IFO – Current AssessmentBullish change86.187
IFO – ExpectationsBullish change83.984.1
HCOB Composite PMIBullish change48.549.5
HCOB Manufacturing PMIBearish change51.651.3
HCOB Services PMIBullish change47.748.9
HCOB Composite PMIBearish change48.848
HCOB Manufacturing PMIBearish change50.150
HCOB Services PMIBearish change48.146.8
HCOB Composite PMIBullish change44.947.6
HCOB Manufacturing PMIBullish change49.750.7
HCOB Services PMIBullish change44.347.4

About Trade Balance s.a.

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