International Merchandise Trade Statistics: Trade Balance: Commodities for Germany
XTNTVA01DEA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
240,192,300,000.00
Year-over-Year Change
25.31%
Date Range
1/1/1950 - 1/1/2024
Summary
The International Merchandise Trade Statistics: Trade Balance: Commodities for Germany measures the difference between Germany's exports and imports of physical goods. This metric is a key indicator of Germany's trade position and competitiveness in the global economy.
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 trade balance statistic tracks the monetary value of Germany's imports and exports of physical merchandise, such as machinery, vehicles, and consumer products. It is a widely-used economic indicator that provides insight into Germany's trade relationships, manufacturing activity, and international competitiveness.
Methodology
The data is collected and reported by the German Federal Statistical Office based on customs records and surveys of commercial traders.
Historical Context
Policymakers and analysts use this trade balance metric to assess Germany's economic health, trade policies, and exchange rate dynamics.
Key Facts
- Germany is the world's third-largest exporter of goods.
- Germany has run a trade surplus for over 30 consecutive years.
- The trade balance is a key input for calculating Germany's current account position.
FAQs
Q: What does this economic trend measure?
A: The International Merchandise Trade Statistics: Trade Balance: Commodities for Germany measures the difference between the value of Germany's exports and imports of physical goods and commodities.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a critical indicator of Germany's trade position, manufacturing competitiveness, and role in the global economy. It provides insight into Germany's trade relationships and can inform economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected and reported by the German Federal Statistical Office based on customs records and surveys of commercial traders.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trade balance metric to assess Germany's economic health, trade policies, and exchange rate dynamics.
Q: Are there update delays or limitations?
A: The trade balance data is typically released with a 1-2 month delay and may be subject to revisions as more complete information becomes available.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Residuals for Germany
DEUCPSDCTGYCTGYM
Value of Exports to Germany from Puerto Rico
PRDEUA052SCEN
National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Germany
NAEXKP02DEA661S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Germany
DEUCPHP1000GYM
Production: Manufacturing: Total Manufacturing for Germany
PRMNTO01DEA657S
Fertility Rate, Total for Germany
SPDYNTFRTINDEU
Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Germany (XTNTVA01DEA664N), retrieved from FRED.