German enterprises constitute net debtors vis-à-vis non-residents: Standing at €1,770 billion at the end of September 2024, their liabilities arising from financial operations and trade credits, exceeded their corresponding assets of €1414 billion by €356 billion. Compared with the previous month, this is a change of €16 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 75% of claims and 86% of liabilities. At 22% and 16% respectively, the share of trade credits in these total figures remains comparatively small.