indicator historical data chart

Euro Area Balance of Trade

The Euro Area reported a balance of trade surplus equivalent to 2400.0 Million USD in June of 2010. The Euro Area refers to a currency union among the European Union member states that have adopted the euro as their sole official currency. The Euro Area has fifteen members, with a further nine states and territories using it as their sole currency. Based on official estimates of 2007 GDP, The Euro Area is the largest or second-largest economy in the world. Its main trading partners are: The United States, China and Russia. This page includes: Euro Area Balance of Trade chart, historical data and news.


CountryInterest RateGrowth RateInflation RateJobless RateCurrent AccountExchange Rate
Euro Area 1.00%1.00%1.70%10.00%-251.3280


  to        

Euro Area Balance of Trade 6/30/2010 2400 5/31/2010 -3300 4/30/2010 300 3/31/2010 3900 2/28/2010 1800 1/31/2010 -9600 12/31/2009 4100 11/30/2009 3800 10/31/2009 6630.6 9/30/2009 -248.6 8/31/2009 -2696.1 7/31/2009 12039.2 6/30/2009 5380.8 5/31/2009 2181.3 4/30/2009 2557.3 3/31/2009 1524.1 2/28/2009 -1355.9 1/31/2009 -12101.6 12/31/2008 -1462.9 11/30/2008 -6499 10/31/2008 -1002.6 9/30/2008 -5784 8/31/2008 -10632.3 7/31/2008 -4178 6/30/2008 -2372.4 5/31/2008 -6103.4 4/30/2008 612.5 3/31/2008 -1887.5 2/29/2008 410 1/31/2008 -12319.8 6/30/2010 2400 5/31/2010 -3300 4/30/2010 300 3/31/2010 3900 2/28/2010 1800 1/31/2010 -9600 12/31/2009 4100 11/30/2009 3800 10/31/2009 6630.6 9/30/2009 -248.6 8/31/2009 -2696.1 7/31/2009 12039.2 6/30/2009 5380.8 5/31/2009 2181.3 4/30/2009 2557.3 3/31/2009 1524.1 2/28/2009 -1355.9 1/31/2009 -12101.6 12/31/2008 -1462.9 11/30/2008 -6499 10/31/2008 -1002.6 9/30/2008 -5784 8/31/2008 -10632.3 7/31/2008 -4178 6/30/2008 -2372.4 5/31/2008 -6103.4 4/30/2008 612.5 3/31/2008 -1887.5 2/29/2008 410 1/31/2008 -12319.8

YearJanFebMarAprMayJunJulAugSepOctNovDecTotal
2010-9600.01800.03900.0300.0-3300.02400.0      -4500.0
2009-12101.6-1355.91524.12557.32181.35380.812039.2-2696.1-248.66630.63800.04100.021811.1
2008-12319.8410.0-1887.5612.5-6103.4-2372.4-4178.0-10632.3-5784.0-1002.6-6499.0-1462.9-51219.4



Euro Area Trade Surplus Shrinks in April
Published: 6/15/2010 9:58:49 AM    By: TradingEconomics.com, Eurostat 

The first estimate for the euro area (EA16) trade balance with the rest of the world in April 2010 gave a 1.8 billion euro surplus, compared with +2.6 bn in April 2009.

The March 2010 balance was +4.5 bn, compared with +1.5 bn in March 2009.

 In April 2010 compared with March 2010, seasonally adjusted exports fell by 2.4% and imports by 3.5%.

The first estimate for the April 2010 extra-EU27 trade balance was a 10.2 bn euro deficit, compared with -7.8 bn in April 2009. In March 20102 the balance was -7.2 bn, compared with -9.2 bn in March 2009. In April 2010 compared with March 2010, seasonally adjusted exports fell by 2.4% and imports by 2.8%.
 
The EU27 deficit rose for energy (-66.6 bn euro in January-March 2010 compared with -58.5 bn in January-March 2009), while the surplus for manufactured goods increased (+35.9 bn compared with +21.9 bn).

EU27 exports to all its major partners grew in January-March 2010 compared with January March 2009. The most  notable increases were recorded for exports to China (+48%), Brazil (+43%) and Turkey (+41%).

For imports, the largest increases were recorded with Russia (+35%), India (+16%) and Turkey (+14%), and the largest fall with the USA (-12%).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+37.4 bn euro in January-March 2010), followed by the Netherlands (+12.0 bn) and Ireland (+9.4 bn). The United Kingdom  (-24.9 bn) registered the largest deficit, followed by France (-14.4 bn), Spain (-12.2 bn), Greece (-7.1 bn) and Italy (-6.9 bn).

indicator historical data chart 2





Euro Area Economic News

Euro Area Inflation Accelerates in July
Published: 8/16/2010 12:13:10 PM By: TradingEconomics.com, Bloomberg
Euro Area inflation accelerated to 1.7%, the fastest pace in 20 months in July, on rising energy prices.

Germany Lifts Eurozone GDP Growth 1%
Published: 8/13/2010 10:39:51 AM By: TradingEconomics.com, FT
Germany on Friday reasserted itself as the economic growth engine of the eurozone, after gross domestic product expanded at a stellar 2.2 per cent rate in the second quarter compared with the previous three months.

ECB Leaves Rates on Hold
Published: 8/5/2010 10:44:06 AM By: Financial Times
The European Central Bank left its main interest rate unchanged on Thursday at a record low of 1 per cent for the 15th consecutive month.

European Inflation Jumps to 20-Month High
Published: 8/2/2010 4:13:04 AM By: TradingEconomics.com, Bloomberg
European inflation accelerated to the fastest pace in more than 1 1/2 years on rising energy costs.

Eurozone Inflation Moderates In June
Published: 7/14/2010 2:46:27 PM By: TradingEconomics.com, RTT News
Eurozone inflation eased in June and remained within the official target range, giving no reason to change monetary policy.

ECB Keeps Rate at 1%
Published: 7/8/2010 11:19:13 AM By: TradingEconomics.com, ECB
The European Central Bank left interest rates at a record low as rising market borrowing costs and the sovereign debt crisis threaten to derail the region’s economic recovery.

ECB Lends Banks Less Than Estimated
Published: 6/30/2010 10:06:09 AM By: TradingEconomics.com, Reuters
Banks borrowed less than expected from the European Central Bank in a key funding operation on Wednesday, easing fears about their ability to cope with the repayment of close to half a trillion euros in 12-month funds on Thursday.

Euro Area Inflation Slows in June
Published: 6/30/2010 9:54:07 AM By: TradingEconomics.com, Bloomberg
Euro-area consumer prices rose 1.4 percent from a year earlier after increasing 1.6 percent in May, the European Union statistics office in Luxembourg said.

Euro Area Inflation Accelerates in May
Published: 6/16/2010 9:51:58 AM By: TradingEconomics.com, Bloomberg
Euro Area inflation accelerated to the fastest pace in more than a year in May as surging energy costs and a weaker euro made imported goods more expensive across the 16-nation region.

Euro Area Trade Surplus Shrinks in April
Published: 6/15/2010 9:58:49 AM By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA16) trade balance with the rest of the world in April 2010 gave a 1.8 billion euro surplus, compared with +2.6 bn in April 2009.

More news




Balance of Trade Definition

The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and consists of exporting more than is imported; a negative balance of trade is known as a trade deficit or, informally, a trade gap.

The balance of trade forms part of the current account, which also includes other transactions such as income from the international investment position as well as international aid. If the current account is in surplus, the country's net international asset position increases correspondingly. Equally, a deficit decreases the net international asset position.

The Balance of Trade is identical to the difference between a country's output and its domestic demand  - the difference between what goods a country produces and how many goods it buys from abroad; this does not include money respent on foreign stocks, nor does it factor the concept of importing goods to produce for the domestic market (source: wikipedia).
 


indicator historical data chart 2

Welcome!
Register   |   Login                  


View Indicators for:



indicator historical data chart





indicator historical data chart 2