External positions of enterprises from financial operations and trade credits

External claims an liabilities of enterprises in Germany
German enterprises constitute net debtors vis-à-vis non-residents: Standing at 1413 billion at the end of May 2021, their liabilities arising from financial operations and trade credits, exceeded their corresponding assets of 1082 billion by 331 billion. Compared with the previous month, this represents a change in the magnitude of -8 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 75% of claims and 88% of liabilities. At 22% and 15% respectively, the share of trade credits in these total figures remains comparatively small.