Germany real exports index, seasonally adjusted
Germany real exports index, seasonally adjusted stood at 114.84 in Q2 2026, according to Deutsche Bundesbank. It is one of the indicators in the Quarterly national accounts table (Value · Quarterly), with a complete series running from Q1 1991 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Quarterly national accounts table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Price-adjusted (chain-linked index, 2020=100) | |||||||||||
| Exports of goods and services, calendar and seasonally adjusted | 114.84 | 112.64 | 110.03 | 110.18 | 110.96 | 112.35 | 110.66 | 111.33 | 112.91 | 112.27 | |
| Imports of goods and services, calendar and seasonally adjusted | 122.76 | 120.9 | 120.24 | 119.64 | 119.93 | 119.22 | 117.38 | 117.1 | 116.17 | 114.62 |
Understanding germany real exports index, seasonally adjusted
Outbound cross-border flows of domestically produced merchandise and commercial services are captured by this chain-linked metric. The index measures the pure physical volume of outward trade by stripping out the influence of export price variations. It includes everything from manufactured vehicles and industrial machinery to financial services and intellectual property sold to non-residents. This series differs from its nominal counterpart by neutralizing the impact of currency fluctuations and changing global market prices, providing a standardized gauge of foreign demand for domestic output anchored to the 2020 base year.
The removal of seasonal and calendar effects ensures that customary summer factory shutdowns and differing numbers of business days do not distort the quarter-on-quarter analysis of external trade momentum. One common error is attempting to calculate a precise price-adjusted trade balance by simply subtracting the import index from this export index, as chain-linked volume components lose mathematical additivity before the reference year. The figures frequently face revisions when early customs declarations are updated with finalized cross-border service trade surveys. As a real measure, it reflects the actual scale of international shipments.
Frequently asked questions
- Does this export index include international sales of commercial services?
- Yes, it captures the combined physical volume of both merchandise shipments and cross-border service provisions to non-residents.
- Are currency exchange rate fluctuations reflected in this price-adjusted index?
- No, the deflation process neutralizes both export price shifts and currency effects to isolate the true physical scale of outbound trade.
- Why is it misleading to subtract the real import index from this export index?
- Subtracting chain-linked indices does not yield an accurate trade balance, as the components are not strictly additive outside of the base year.