FX.co ★ German Current Account Surplus Shrinks in April

Germany’s current account surplus narrowed to €13.8 billion in April 2026, down from €18.7 billion in the same month a year earlier. The goods surplus declined to €13.3 billion from €16.4 billion, as exports rose by 5.2% to €120.8 billion but were outpaced by a 9.2% increase in imports to €107.5 billion. The primary income surplus also fell, slipping to €11.0 billion from €13.7 billion. By contrast, the services deficit improved slightly, narrowing to €5.8 billion from €6.6 billion, while the secondary income deficit was broadly stable at €4.7 billion, compared with €4.8 billion in 2025. Over the first four months of 2026, the current account surplus decreased to €75.6 billion, from €84.1 billion in the corresponding period of 2025.