German enterprises constitute net debtors vis-à-vis non-residents: Standing at €1750 billion at the end of March 2025, their liabilities arising from financial operations and trade credits, exceeded their corresponding assets of €1459 billion by €290 billion. Compared with the previous month, this is a change of -€36 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 76 % of claims and 86 % of liabilities. At 22 % and 17 % respectively, the share of trade credits in these total figures remains comparatively small.