Euro Area Balance of Trade  1999-2018 | Data | Chart | Calendar | Forecast

The Euro Area trade surplus narrowed to EUR 26.9 billion in March 2018 from EUR 28.5 billion in the same month of the previous year, and missing market expectations of EUR 27.9 billion. Both exports and imports fell from record highs. Balance of Trade in the Euro Area averaged 5602.92 EUR Million from 1999 until 2018, reaching an all time high of 30074.90 EUR Million in July of 2015 and a record low of -16510.20 EUR Million in January of 2011.

Euro Area Balance of Trade
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Eurozone Trade Surplus Smaller than Expected in March


The Euro Area trade surplus narrowed to EUR 26.9 billion in March 2018 from EUR 28.5 billion in the same month of the previous year, and missing market expectations of EUR 27.9 billion.

Exports of goods to the rest of the world dropped by 2.9 percent to EUR 199.9 billion in March from last year's all-time high of EUR 205.9 billion, while imports declined at a softer 2.5 percent to EUR 173.0 billion, also from a record high of EUR 177.4 billion in March 2017. Intra-euro area trade decreased 0.6 percent year-on-year to EUR 170.5 billion in March.

Considering the first quarter of the year, the trade surplus widened to EUR 49.4 billion from EUR 42.9 billion in the same period of 2017, as exports grew 2.5 percent to EUR 555.7 billion and imports increased 1.4 percent to EUR 506.3 billion.

Meanwhile, the European Union trade surplus widened to EUR 11.5 billion in March from EUR 8.7 billion a year ago. Exports went down 2.4 percent to EUR 172.1 billion from EUR 176.4 billion in March 2017, while imports fell 4.2 percent to EUR 160.6 billion from EUR 167.7 billion. 

In January-March, the EU trade deficit decreased to EUR 6.1 billion from EUR 9.1 billion in the same period of 2017. Exports went up 1.5 percent to EUR 471.4 billion, boosted by higher sales of chemicals (7.5 percent), other manufactured goods (3.1 percent), energy (2 percent); and machinery and vehicles (0.2 percent). By contrast, exports fell for both food and drink (-2.4 percent) and raw materials (-2.3 percent). Exports grew to the US (2.2 percent); China (0.6 percent); Russia (3 percent); Turkey (13.8 percent); but dropped to Switzerland (-5.3 percent). Imports rose at a slower 0.8 percent to EUR 477.4 billion, boosted by purchases of energy (5.5 percent), other manufactured goods (1.1 percent), and machinery and vehicles (1 percent). Meanwhile, imports fell for food and drink (-5.2 percent), chemicals (-3.9 percent) and raw materials (-1.5 percent). Imports rose mainly from China (3.1 percent), Turkey (6.8 percent) and Russia (0.5 percent), but declined from the US (-5.2 percent) and Switzerland (-4.9 percent).


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/18/2018 9:26:09 AM


Recent Releases

Eurozone February Trade Surplus Smaller Than Expected
The Euro Area trade surplus widened to EUR 18.9 billion in February 2018 from EUR 16.1 billion in the same month of the previous year, but missing market expectations of EUR 20.2 billion.
Published on 2018-04-13

Eurozone Trade Balance Back to Surplus in January
The Euro Area recorded a EUR 3.3 billion trade surplus in January of 2018, switching from a EUR 1.4 billion deficit a year earlier. It compares with market expectations of a EUR 22.6 billion surplus. Exports rose 9.1 percent and imports went up at a slower 6.3 percent.
Published on 2018-03-19

Eurozone December Trade Surplus Smaller than Expected
The Euro Area trade surplus narrowed to EUR 25.4 billion in December 2017 from EUR 27.6 billion in the same month of the previous year, missing market expectations of EUR 30.2 billion.
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The Euro Area trade surplus widened to EUR 26.3 billion in November 2017 from EUR 23.8 billion in the same month of the previous year, easily beating market expectations of EUR 22.4 billion. It was the largest trade surplus since March.
Published on 2018-01-15



Calendar GMT Actual Previous Consensus TEForecast
2018-03-19 10:00 AM Balance of Trade €3.3B €25.4B €22.6B €-3.2B
2018-04-13 09:00 AM Balance of Trade €18.9B €3.5B €20.2B €18.5B
2018-05-18 09:00 AM Balance of Trade €26.9B €18.9B €27.9B €31.0B
2018-06-15 09:00 AM Balance of Trade €26.9B €19.2B
2018-07-16 09:00 AM Balance of Trade €23.6B
2018-08-16 09:00 AM Balance of Trade € 29B


Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 26932.60 19242.10 30074.90 -16510.20 EUR Million [+]
Exports 199939.90 177124.30 205929.40 53045.90 EUR Million [+]
Imports 173007.30 157882.20 177393.70 55698.40 EUR Million [+]
Current Account 40.55 24.24 55.21 -28.62 EUR Billion [+]
Current Account to GDP 3.50 3.40 3.50 -1.50 percent [+]
External Debt 13514526.34 13700905.11 14242703.75 5501622.07 EUR Million [+]
Capital Flows 85.70 18.87 101.03 -70.94 EUR Billion [+]
Gold Reserves 504.77 504.77 766.88 501.45 Tonnes [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Euro Area Balance of Trade

Euro Area runs regular trade surpluses primarily due to its high export of manufactured goods such as machinery and vehicles. Euro area is a net importer of energy and raw materials. Germany, Italy, France and Netherlands account for the largest share of total trade. Main trading partners are the United Kingdom (12 percent of total exports and 10 percent of imports) and the United States (13 percent of exports and 6 percent of imports). This page provides the latest reported value for - Euro Area Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Balance of Trade - actual data, historical chart and calendar of releases - was last updated on May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
26932.60 19242.10 30074.90 -16510.20 1999 - 2018 EUR Million Monthly
NSA




balance of trade by Country
Country Last
Australia 1527.00 Mar/18
Brazil 6140.00 Apr/18
Canada -4139.60 Mar/18
China 287.80 Apr/18
Euro Area 26932.60 Mar/18
France -5258.00 Mar/18
Germany 25187.00 Mar/18
India -13720.00 Apr/18
Indonesia -1629.30 Apr/18
Italy 4531.06 Mar/18
Japan 625.98 Apr/18
Mexico -289.15 Apr/18
Netherlands 5280.00 Mar/18
Russia 15001.00 Mar/18
South Korea 6611.00 Apr/18
Spain -830631.00 Mar/18
Switzerland 2315.30 Mar/18
Turkey -5855.00 Mar/18
United Kingdom -3091.00 Mar/18
United States -48956.00 Mar/18


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