The change in the global world order and economic system isn’t a temporary phenomenon. Globalisation and digitalisation mean this change will be a perpetual process, First Deputy Governor Sabine Mauderer announced at a symposium organised by the Institute for Banking and Financial History (IBF) and the Center for Financial Studies (CFS). Hosted by the Bundesbank’s Regional Office in Hesse, this event saw participants discuss how trade conflicts can impact on the global economic system. Bundesbank Executive Board member Fritzi Köhler-Geib spoke on a panel about the outlook for the German and European economy.

Germany's economic ties with other countries are reflected in various foreign trade statistics. The country profiles summarize all foreign trade statistics for selected countries to facilitate the analysis of these relationships.

Germany’s current account posted a surplus of €19.0 billion in June 2026, up €10.1 billion on the previous month’s level. This was mainly attributable to the swing to a surplus in invisible current transactions, which comprise services as well as primary and secondary income. There was also a higher surplus in the goods account.

The continual observation of price stability is based on analyses of price statistics. Particular attention is usually paid to the German Harmonised Index of Consumer Prices (HICP) and the national Consumer Price Index (CPI), which are both published by the Federal Statistical Office and often used throughout the EU and as inflation measures.

January 2026 saw the EU conclude two major trade agreements – with the Mercosur countries and with India – culminating many years of negotiations. These agreements largely eliminate trade barriers and could, over the long run, help diversify the EU’s trade relations. Ratification of the two deals is still pending, however. Writing in the latest Monthly Report, Bundesbank experts illuminate the main features of the trade agreements and explore their potential economic impact.

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Germany's current account recorded a surplus of €10.4 billion in May 2026. The figure was €6.2 billion lower than the previous month's level.