German enterprises constitute net debtors vis-à-vis non-residents: Standing at €1767 billion at the end of November 2024, their liabilities arising from financial operations and trade credits, exceeded their corresponding assets of €1457 billion by €310 billion. Compared with the previous month, this is a change of €28 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 21 % and 16 % respectively, the share of trade credits in these total figures remains comparatively small.