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4.1.7 Balance of payments

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Question 6

Explain one likely reason for Germany's balance of trade in goods and services over the period shown. Refer to the table and chart below in your answer.

Figure 3: Germany's net monthly balance of trade in goods and services, January 2018 to January 2022

Germany's net monthly balance of trade

YearNet Balance (EUR billions)
Jan 2018+14.5
Jan 2019+16.2
Jan 2020+15.1
Jan 2021+17.8
Jan 2022+12.5
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4.1.7 Balance of payments Questions

  1. A Level
  2. /Economics
  3. /4.1.7 Balance of payments