FX.co ★ German Current Account Surplus Shrinks in March

Germany’s current account surplus narrowed to €23.6 billion in March 2026, down from €27.4 billion a year earlier. The goods surplus declined to €18.5 billion from €21.4 billion, as exports increased by 6.1% while imports jumped 10.3%. The services deficit widened to €3.8 billion from €3.4 billion, and the secondary income shortfall expanded to €6.7 billion from €5.4 billion. By contrast, the primary income surplus rose to €15.6 billion from €14.8 billion. Over the first quarter of 2026, the current account surplus fell to €62.2 billion, compared with €65.3 billion in the same period of 2025.