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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between United States and Germany, each channel at its own period. Left, United States to Germany; right, Germany to United States.

Finance to trade

positions ÷ goods, both directions
Finance to trade9.0×positions ÷ goods, both directions
Financial positions, both directions2,394USD bn
Goods, both directions266USD bn

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SinceUnited States → GermanyGermany → United Statesother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 111 / 1540100200Bank claims · quarterly · USD bnQ2 2026 · 151 / –0100200Portfolio holdings · half-yearly · USD bnDec 2025 · 685 / 91905001,000Direct investment · annual · USD bn2024 · 133 / 50605001,000Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 9.0×0.0×5.0×10×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods United States → Germany

Aug 2025–Jul 2026

exports of United States to Germany, 12 months

Exports, 12 months111USD bnreported
1.31importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods Germany → United States

Aug 2025–Jul 2026

exports of Germany to United States, 12 months

Exports, 12 months154USD bnreported
0.91importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

United States → Germany

Q2 2026

loans and deposits of banks in United States on residents of Germany

Position151USD bn
Flow in the quarter+35.5USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Germany → United States

Q2 2026

loans and deposits of banks in Germany on residents of United States

Position–Not reported
Flow in the quarter–
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

United States → Germany

Q4 2025

securities issued in Germany held by investors in United States

Total685USD bn
Equity583USD bn
Debt securities102USD bn
Sources

Holder to issuer, Q4 2025.

Germany → United States

Q4 2025

securities issued in United States held by investors in Germany

Total919USD bn
Equity601USD bn
Debt securities319USD bn
Sources

Holder to issuer, Q4 2025.

United States → Germany

2024

position of investors in United States in Germany

Position133USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

Germany → United States

2024

position of investors in Germany in United States

Position506USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.