Germany's trade surplus narrowed sharply to EUR 3.5 billion in April 2020, the smallest since December 2000, as both exports and imports dropped at record rates amid the coronavirus pandemic. Exports slumped 31.1 percent due to lower sales to the European Union (-34.8 percent), mostly to France (-48.3 percent) and Italy (-40.1 percent). In addition, sales to third countries fell 27 percent, in particular to the UK (-42.1 percent), the US (-35.8 percent) and China (-12.6 percent). Imports tumbled 21.6 percent, as purchases from the EU plunged 30.1 percent, in particular from France (-37.3 percent) and Italy (-32.5 percent). Imports from third countries also dropped 11.4 percent despite increases in purchases from China (10 percent), the UK (8.8 percent) and the US (2.4 percent). On a seasonally adjusted basis, the trade surplus narrowed sharply to EUR 3.2 billion, missing market consensus of EUR 10 billion, with exports and imports falling the most since August 1990. Balance of Trade in Germany averaged 5450.69 EUR Million from 1950 until 2020, reaching an all time high of 25455.63 EUR Million in March of 2016 and a record low of -535.91 EUR Million in April of 1991. This page provides - Germany Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.