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Germany's statistics on international trade in services are collected by the Deutsche Bundesbank in order to compile Germany's balance of payments statistics and serve as the basis for the research dataset SITS. Service transactions between German residents and non-residents that exceed €12,500 or its equivalent in another currency must be reported to the Deutsche Bundesbank. The reporting requirement applies to German firms including banks, as well as to individuals and public authorities. The research dataset provides detailed information for service transactions of firms engaged in cross-border service trade, such as the transaction value for services exports and imports, the type of exported and imported services (eg transport, R&D etc), partner country and sector classification of the resident firm. The research data are available from 2001 as a panel dataset with a monthly frequency.