External positions of enterprises from financial operations and trade credits
German enterprises constitute net debtors vis-à-vis non-residents: Standing at €1723 billion at the end of December 2024, their liabilities arising from financial operations and trade credits, exceeded their corresponding assets of €1429 billion by €294 billion. Compared with the previous month, this is a change of €17 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 76 % of claims and 86 % of liabilities. At 21 % and 17 % respectively, the share of trade credits in these total figures remains comparatively small.