The Eurozone trade surplus narrowed to EUR 7.3 billion in September of 2021 from EUR 24.1 billion in the corresponding month of the previous year, above market expectations of EUR 6.5 billion. Exports rose 10% from a year earlier to EUR 209.3 billion while imports rose at a faster 21.6% to EUR 202 billion as costs of importing energy soared. Considering the first nine months of the year, the euro zone’s trade surplus shrank to EUR 131.9 billion from EUR 151.2 billion a year earlier as exports grew 14.7% while imports advanced 17.7%. The monthly report showed that the EU’s trade deficit with Russia, the euro zone's main supplier of gas and oil widened to almost EUR 43 billion in the first 9 months from EUR 13 billion last year. The EU's trade balance with Norway, another large energy supplier, swung to a 4.4 billion gap from a 4.1 billion surplus a year earlier. The EU’s trade surplus with the UK rose to EUR 105.3 billion from EUR 77 billion, with exports up 4.5% and imports down 16%. source: EUROSTAT

Balance of Trade in the Euro Area averaged 7510.11 EUR Million from 1999 until 2021, 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 December of 2021.

Balance of Trade in Euro Area is expected to be 32000.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Balance of Trade is projected to trend around 32000.00 EUR Million in 2022 and 31000.00 EUR Million in 2023, according to our econometric models.

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Euro Area Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-10-15 09:00 AM Aug €4.8B €20.7B €16.1B €16.4B
2021-11-15 10:00 AM Sep €7.3B €3.5B €6.5B €10.7B
2021-12-16 10:00 AM Oct €7.3B


Related Last Previous Unit Reference
Balance of Trade 7328.80 3533.20 EUR Million Sep/21
Current Account to GDP 3.00 3.10 percent of GDP Dec/20
Imports 201987.40 182326.40 EUR Million Sep/21
Exports 209316.20 185859.60 EUR Million Sep/21

News Stream
Eurozone Trade Surplus Narrows Less than Expected
The Eurozone trade surplus narrowed to EUR 7.3 billion in September of 2021 from EUR 24.1 billion in the corresponding month of the previous year, above market expectations of EUR 6.5 billion. Exports rose 10% from a year earlier to EUR 209.3 billion while imports rose at a faster 21.6% to EUR 202 billion as costs of importing energy soared. Considering the first nine months of the year, the euro zone’s trade surplus shrank to EUR 131.9 billion from EUR 151.2 billion a year earlier as exports grew 14.7% while imports advanced 17.7%. The monthly report showed that the EU’s trade deficit with Russia, the euro zone's main supplier of gas and oil widened to almost EUR 43 billion in the first 9 months from EUR 13 billion last year. The EU's trade balance with Norway, another large energy supplier, swung to a 4.4 billion gap from a 4.1 billion surplus a year earlier. The EU’s trade surplus with the UK rose to EUR 105.3 billion from EUR 77 billion, with exports up 4.5% and imports down 16%.
2021-11-15
Eurozone Trade Surplus Smaller than Forecast
The Eurozone trade surplus narrowed sharply to EUR 4.8 billion in August 2021, from EUR 14.0 billion in the same period last year and well below market expectations of EUR 16.1 billion, mainly due to a 26.6 percent jump in imports amid a rally in energy prices. Purchases were sharply up for fuels and lubricants (84.4 percent), crude materials (65.4 percent) and manufactured goods (17.2 percent), including chemicals and machinery & transport equipment. Among major trade partners, imports rose from Russia (107.1 percent), the US (18.4 percent), Switzerland (20.3 percent) and China (27.8 percent), but declined from the UK (-10.6 percent). Meanwhile, exports rose at a slower 18.2 percent, also boosted by sales of fuels and lubricants (90.6 percent), crude materials (32.0 percent), and manufactured goods (15.2 percent). Exports increased to the US and Turkey (20.8 percent each), Russia (13.5 percent), Switzerland (12.5 percent), China (9.2 percent), but were down to the UK (-0.4 percent).
2021-10-15
Eurozone Trade Surplus Narrows in July
The Eurozone trade surplus narrowed to EUR 20.7 billion in July 2021, from EUR 26.8 billion in the same period last year, as global demand continued to consolidate its recovery from the COVID-19 pandemic hit. Exports rose 11.4 percent, boosted by sales of raw materials (29.8 percent) such as crude materials and fuels and lubricants; and manufactured goods (9.3 percent) on the back of chemicals and related products. Among major trade partners, exports were up to Russia (19.1 percent), the US (9.7 percent), the UK (6.9 percent) and Switzerland (9.9 percent), but fell to China (-0.9 percent). Imports grew at a faster 17.1 percent, led by a jump in purchases of crude materials (45.7 percent) and fuels and lubricants (79.3 percent). Imports of manufactured goods also rose 7.8 percent. Imports were up from Russia (75.0 percent), the US (14.5 percent), Switzerland (4.2 percent) and China (1.2 percent), but declined from the UK (-8.7 percent).
2021-09-16

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).