Euro Area Balance of Trade  1999-2017 | Data | Chart | Calendar | Forecast

The Euro Area trade surplus narrowed to EUR 23.2 billion in July 2017 from EUR 24.8 billion in the corresponding month of the previous year. Still, the reading came in above market expectations of EUR 21.4 billion. Exports increased by 6.1 percent from the previous year to EUR 177.7 billion while imports advanced at a faster 8.2 percent to EUR 154.6 billion. In the the seven months to July, the trade surplus narrowed to EUR 130.2 billion from EUR 154.1 billion in the same period of 2016. Balance of Trade in the Euro Area averaged 5134.53 EUR Million from 1999 until 2017, reaching an all time high of 30092.40 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 Narrows Less than Expected


The Euro Area trade surplus narrowed to EUR 23.2 billion in July 2017 from EUR 24.8 billion in the corresponding month of the previous year. Still, the reading came in above market expectations of EUR 21.4 billion.

Exports of goods to the rest of the world increased by 6.1 percent to EUR 177.7 billion from EUR 167.6 billion in July 2016, while imports advanced at a faster 8.2 percent to EUR 154.6 billion from EUR 142.8 billion. Intra-euro area trade rose to EUR 145.6 billion, up by 5.6 percent compared with July 2016.

In the the seven months to July, the trade surplus narrowed to EUR 130.2 billion from EUR 154.1 billion in the same period of 2016.

Considering the European Union, the trade surplus widened to EUR 8.8 billion from EUR 3.0 billion a year ago. Exports rose 9.7 percent over a year earlier to EUR 155.8 billion and imports increased 5.6 percent to EUR 146.9 billion. 

In the first seven months of 2017, the trade surplus narrowed to EUR 10.8 billion from EUR 14.0 billion in the same period of 2016. Exports rose 9.6 percent to EUR 1,087.3 billion, boosted by sales of machinery and vehicles (7.3 percent); other manufactured goods (7.6 percent); chemicals (8.6 percent); food and drinks (5.5 percent); energy (43.3 percent) and raw materials (19.9 percent). Shipments went up to the US (4.3 percent), China (18.6 percent), Switzerland (14.7 percent), Russia (23 percent) and Turkey (5.5 percent). Imports went up 10.1 percent to EUR 1,076.5 billion, boosted by purchases of machinery and vehicles (7.9 percent); other manufactured goods (6.7 percent); energy (37.8 percent); chemicals (5.7 percent); raw materials (18.7 percent) and food and drinks (4.5 percent). Imports went up from the US (4.1 percent), China (7.4 percent), Russia (30 percent) and Turkey (5.5 percent). 

Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/15/2017 9:25:46 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-14 09:00 AM Balance of Trade €21.4B €16.8B €21.5B
2017-08-17 09:00 AM Balance of Trade €26.6B €20.3B €22.9B €25.1B
2017-09-15 09:00 AM Balance of Trade €23.2B €26.2B €21.4B €22.7B
2017-10-16 09:00 AM Balance of Trade €23.2B
2017-11-15 10:00 AM Balance of Trade
2017-12-15 10:00 AM Balance of Trade


Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 23156.00 26226.80 30092.40 -16510.20 EUR Million [+]
Exports 177742.70 187226.20 205379.10 53045.90 EUR Million [+]
Imports 154586.70 160999.50 176256.10 55698.40 EUR Million [+]
Current Account 32.50 29.80 44.72 -28.51 EUR Billion [+]
Current Account to GDP 3.30 3.20 3.30 -1.40 percent [+]
External Debt 13959630.30 13558785.12 13959630.30 5501622.07 EUR Million [+]
Capital Flows 95.70 8.80 95.70 -71.22 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
23156.00 26226.80 30092.40 -16510.20 1999 - 2017 EUR Million Monthly
NSA




balance of trade by Country

Last
Australia 460.00 Jul/17
Brazil 5599.00 Aug/17
Canada -3040.40 Jul/17
China 419.92 Aug/17
Euro Area 23156.00 Jul/17
France -5968.00 Jul/17
Germany 19500.00 Jul/17
India -11643.96 Aug/17
Indonesia 1722.60 Aug/17
Italy 6560.39 Jul/17
Japan 113.64 Aug/17
Mexico -1522.60 Jul/17
Netherlands 4711.00 Jul/17
Russia 3970.00 Jul/17
South Korea 7013.00 Aug/17
Spain -1259000.00 Jun/17
Switzerland 2173.00 Aug/17
Turkey -8842.94 Jul/17
United Kingdom -2872.00 Jul/17
United States -43689.00 Jul/17