German enterprises constitute net debtors vis-à-vis non-residents: Standing at €1862 billion at the end of July 2026, their liabilities arising from financial operations and trade credits, exceeded their corresponding assets of €1605 billion by €258 billion. Compared with the previous month, this is a change of - €13 billion.

Financial operations with foreign non-banks are of particular importance here, while those with foreign banks play a secondary role. The first group accounts for 69% of claims and 83% of liabilities. At 20% and 16% respectively, the share of trade credits in these total figures remains comparatively small.