It helps to pause and think about the fundamentals in a simple way. For the first time since 1991, Germany is in a situation where the value of all goods and services imported exceeded the value of all goods and services exported.

Is this a bad thing? Depends. Germany is a manufacturing heavy economy where energy prices are obviously a major part of input costs. So there is certainly an argument that at some level, this is unsustainable.

In the long term, if the economic growth within Germany is able to offset the additional "expense" incurred , then it will not matter a lot. The US routinely runs a trade deficit, but the US economy is one that the world holds at envy for the reasons that it is able to do so. There is plenty of domestic consumption and growth that offsets the massive trade deficits and in a simplified way, the US imports deflationary prices from the rest of the world and exports technology (I said highly simplified)

For Germany, they don't have the luxuries that the US does. The question that is crucial now is how long can Germany sustain these deficits while their domestic economy re adjusts or is able to find deflationary forces from energy security etc. If they are unable to do so, then, by definition, they are fucked.