German enterprises constitute net debtors vis-à-vis non-residents: Standing at €1754 billion at the end of January 2026, their liabilities arising from financial operations and trade credits, exceeded their corresponding assets of €1494 billion by €260 billion. Compared with the previous month, this is a change of −⁠ €19 billion.

Financial operations with foreign non-banks are of particular importance here, while those with foreign banks play a secondary role. The first group accounts for 70 % of claims and 84 % of liabilities. At 20 % and 16 % respectively, the share of trade credits in these total figures remains comparatively small.