International Trade: Net Trade: Value (Goods): Total for Germany
DEUXTNTVA01STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.82
Year-over-Year Change
-16.44%
Date Range
1/1/1970 - 7/1/2023
Summary
This economic trend measures the net trade value of goods for Germany, providing insights into the country's international trade balance and competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'International Trade: Net Trade: Value (Goods): Total for Germany' series tracks the difference between Germany's total exports and imports of goods, offering a comprehensive view of the country's trade position and economic relationships with its global trading partners.
Methodology
The data is collected and calculated by the German Federal Statistical Office based on customs records and surveys.
Historical Context
This metric is widely used by economists, policymakers, and market analysts to assess Germany's economic performance and trade dynamics.
Key Facts
- Germany is one of the world's largest exporters of goods.
- The trade balance is a key indicator of a country's economic competitiveness.
- Net trade value can be influenced by exchange rates, domestic demand, and global economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net trade value of goods for Germany, which is the difference between the country's total exports and imports of goods.
Q: Why is this trend relevant for users or analysts?
A: The net trade value of goods is a crucial indicator of Germany's international trade position and competitiveness, providing insights for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the German Federal Statistical Office based on customs records and surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Germany's trade dynamics, evaluate the country's economic performance, and inform decisions related to trade policies, exchange rates, and international economic relations.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical lag of around two months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, International Trade: Net Trade: Value (Goods): Total for Germany (DEUXTNTVA01STSAQ), retrieved from FRED.