c2-euro-RTR3EVP0-Ints Kalnins

Germany is proud of its prudence, but many think it should spend more

€247 billion

Germany’s trade surplus over the past 12 months was worth €247 billion ($281 billion).

Published   |  Photo by Reuters/Ints Kalnins
c2-euro-RTR3EVP0-Ints Kalnins
€247 billion

Germany’s trade balance

c2-euro-RTR3EVP0-Ints Kalnins
€247 billion

Germany has a strong manufacturing sector, selling cars, machinery, chemical products like medicines and pesticides, and much more.

c2-euro-RTR3EVP0-Ints Kalnins
€247 billion

But it sells a lot more abroad than it buys from the rest of the world. And voices as varied as Donald Trump and the IMF think it should spend more at home.

c2-euro-RTR3EVP0-Ints Kalnins
€247 billion

That might be difficult. Germans are proud of their thrift, and policymakers see it as necessary, since the country is aging fast and needs to set aside money for the future as a result.

c2-euro-RTR3EVP0-Ints Kalnins
€247 billion

The latest data show no signs of change. In May, Germany sold €110 billion worth of stuff to the rest of the world, but spent only €88 billion on imports.

Published

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