The current account balance, including its component balances, is available monthly by country. The euro area is Germany’s most important trading partner. However, among individual countries, the highest revenues are generated with the United States, and the highest expenditures with China.

On this page you will find frequently asked questions and notices on reports in external sector.

In April 2026, Germany’s current account recorded a surplus of €13.8 billion, down €10.7 billion on the previous month’s level. This was attributable to lower surpluses in the goods account and in invisible current transactions, which comprise services as well as primary and secondary income. 

Stock reports pursuant to Annexes Z 5, Z 5a and Z 5b to the Foreign Trade and Payments Regulation can be submitted via file transfer in different file formats.

In an interview with the Slovenian newspaper Delo, Bundesbank President Joachim Nagel expresses optimism about Germany's economic future and discusses current monetary policy challenges and the digital euro.

Following significant GDP growth in the previous quarter, the German economy is likely to stagnate in the first quarter of 2026 in seasonally adjusted terms, according to the March issue of the Bundesbank’s Monthly Report. Industry’s weak competitive position, continued low capacity utilisation and a lag in the impact of government stimuli are dampening developments. The Middle East conflict is a source of additional burdens, especially as a result of rising energy prices, and these factors are keeping the inflation outlook particularly uncertain at present.

Germany’s current account recorded a surplus of €23.6 billion in March 2026. This was €3.1 billion up on the previous month’s level. The goods account surplus decreased, but the surplus in invisible current transactions, which comprise services as well as primary and secondary income, increased more strongly.