Euro Area recorded a trade surplus of 28207.30 EUR Million in March of 2020.

Balance of Trade in the Euro Area averaged 6849.49 EUR Million from 1999 until 2020, reaching an all time high of 30614.30 EUR Million in July of 2015 and a record low of -16418.80 EUR Million in January of 2011. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Eurostat

Balance of Trade in Euro Area is expected to be 23000.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Euro Area to stand at 23500.00 in 12 months time. In the long-term, the Euro Area Balance of Trade is projected to trend around 14000.00 EUR Million in 2021 and 19000.00 EUR Million in 2022, according to our econometric models.

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Euro Area Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
28207.30 23698.00 30614.30 -16418.80 1999 - 2020 EUR Million Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-14 10:00 AM Dec €23.1B €20.7B €21.4B €18B
2020-03-18 10:00 AM Jan €1.3B €23.1B €3.9B €2.8B
2020-04-20 09:00 AM Feb €23B €1.3B €17.5B
2020-05-15 09:00 AM Mar €28.2B €23.7B € 22.9B
2020-06-15 09:00 AM Apr €28.2B €16.2B
2020-07-16 09:00 AM May €22.5B
2020-08-14 09:00 AM Jun € 20B
2020-09-16 09:00 AM Jul €25.1B


News Stream
Euro Area Trade Surplus Widens in March
The Euro Area trade surplus rose to EUR 28.2 billion in March of 2020 from EUR 22.7 billion in the same month of the previous year. Still, the COVID-19 containment measures widely introduced by the Member States had a significant impact on international trade in goods. Imports plunged 10.1 percent while exports fell at a softer 6.2 percent.
2020-05-15
Eurozone Trade Surplus Widens in February
The Euro Area trade surplus widened to EUR 23.0 billion in February 2020 from EUR 18.5 billion in the same month of the previous year, as exports increased 1.6 percent and imports dropped 1.0 percent. The bloc's trade surplus with the US increased to EUR 10.3 billion from EUR 8.9 billion, while the deficit with China narrowed to EUR 8.3 billion from EUR 9.7 billion.
2020-04-20
Eurozone Trade Surplus Widens Less than Expected
The Eurozone trade surplus widened to EUR 1.3 billion in January 2020 from EUR 0.6 billion in the same month of the previous year, but below market expectations of EUR 3.9 billion. Exports rose 0.2 percent over a year earlier to EUR 184 billion, driven by higher sales of chemicals & related products; food & live animals; and miscellaneous manufactured articles. Among major trade partners, exports increased to the US while declined to China and the UK. Imports fell 0.2 percent to EUR 182.7 billion, mainly due to lower purchases of food & live animals; manufactured goods; machinery & transport equipment; other manufactured goods; and mineral fuels, lubricants and related materials. Among key trade partners, imports dropped to South Korea and Russia while rose to the US, the UK and China.
2020-03-18
Eurozone Trade Surplus Widens Sharply in December
The Eurozone trade surplus widened to EUR 23.10 billion in December 2019 from EUR 16.36 billion in the same month last year, above market forecasts of EUR 21.4 billion. Exports went up 4.8 percent over a year earlier to EUR 186.1 billion, boosted by higher sales of chemicals & related products; food & live animals; miscellaneous manufactured articles; machinery & transport equipment; manufactured goods; and mineral fuels, lubricants & related materials. Among key trade partners, exports rose to the US and China. Imports rose 1.1 percent to EUR 163.0 billion, mainly due to purchases of chemicals & related products; food & live animals; manufactured goods; miscellaneous manufactured articles; and machinery & transport equipment. Imports advanced mainly from China, the US and the UK. Considering 2019 as a whole, the eurozone trade surplus increased to EUR 225.7 billion from EUR 194.6 billion, with both exports and imports hitting all-time highs.
2020-02-14

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).