Germany’s current account surplus narrowed to €23.6 billion in March 2026, down from €27.4 billion a year earlier. The goods surplus fell to €18.5 billion from €21.4 billion, as exports rose 6.1% while imports surged 10.3%. The services deficit widened to €3.8 billion from €3.4 billion, and the secondary income gap increased to €6.7 billion from €5.4 billion. Meanwhile, the primary income surplus grew to €15.6 billion from €14.8 billion. In Q1 2026, the current account surplus declined to €62.2 billion from €65.3 billion in the same period of 2025.