German Trade Balance measure the change in worth of imported and exported goods over the month. Negative figure indicate that imports were more than exports.
In January 2020, German Trade Balance surplus narrowed to 13.9 billion as compare to same month of previous year, 14.5 billion. Since January 2016, this was lowest trade balance because of decline in exports, (-16.3% to UK, -6.5% to China, -2% to third countries, -2.2% to EU, -2.9 to non-Eurozone countries while -1.8% to Eurozone countries).
German Trade Balance data is released on monthly basis usually at 6:15 GMT by Federal Statistical Office Germany. Provisional reports are accessible almost 40 days after the end of reference period. It is strong indicator for Eurozone traders. Exports more than imports taken as positive/bullish trend for Euro while lower than expected taken as bearish/negative.