German unadjusted trade balance with OPEC countries
German unadjusted trade balance with OPEC countries stood at 284,927 EUR thousand in Aug 2026, according to Deutsche Bundesbank. It is one of the indicators in the Trade balance by country table (Value · Monthly), with a complete series running from Jul 1990 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Trade balance by country table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Regions and country groups | |||||||||||
| Current prices, flows, all goods, OPEC countries, unadjusted | 284,927 | 598,716 | 496,371 | 510,507 | 295,491 | 206,067 | 548,686 | 397,816 | 926,792 | 474,285 | |
| Current prices, flows, all goods, Asia, unadjusted | -12,828,613 | -9,931,621 | -10,647,313 | -11,070,930 | -11,719,587 | -12,133,353 | -9,102,118 | -11,096,832 | -7,486,039 | -9,994,614 |
Understanding german unadjusted trade balance with OPEC countries
Consolidating bilateral merchandise flows across multiple continents, this net balance strictly monitors physical trade with the Organization of the Petroleum Exporting Countries. It groups specific partners in South America, Africa, and the Middle East entirely by their participation in the global oil cartel. Rather than reflecting regional proximity, this unadjusted indicator isolates the commercial interplay between a major industrialized manufacturing base and the primary global bloc of fossil fuel exporters.
The fundamental nature of this bilateral relationship makes the current-price balance exceptionally reactive to global commodity markets. Shifts in the nominal deficit or surplus are frequently driven by spot market pricing for crude oil rather than any alteration in the physical volume of shipped goods. Unadjusted for seasonal demand spikes, such as winter heating requirements, the series is highly volatile month-to-month. Furthermore, whenever a nation formally joins or exits the cartel, the statistical aggregate abruptly recalibrates, requiring users to check historical continuity carefully.
Frequently asked questions
- How strongly do crude oil prices dictate this balance?
- The valuation of energy imports is the primary driver of volatility, heavily skewing the current-price net figure.
- Are non-energy manufactured goods included in the export leg?
- Yes, all physical merchandise, including industrial exports sent to these nations, is captured in the total.
- Does a nation leaving the cartel alter past data?
- Membership changes typically introduce a forward-looking break in the series rather than retroactively altering historical aggregates.