Euro Area recorded a trade deficit of 1871.40 EUR Million in January of 2026. Balance of Trade in Euro Area averaged 5918.43 EUR Million from 1999 until 2026, reaching an all time high of 35483.00 EUR Million in March of 2025 and a record low of -54995.00 EUR Million in August of 2022. source: EUROSTAT

Balance of Trade in Euro Area is expected to be 35000.00 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 11000.00 EUR Million in 2027 and 10000.00 EUR Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-13 10:00 AM
Balance of Trade
Dec €12.6B €9.3B € 12B
2026-03-20 10:00 AM
Balance of Trade
Jan €-1.9B €11.2B €12.8B €11.5B
2026-04-17 09:00 AM
Balance of Trade
Feb €-1.9B


Related Last Previous Unit Reference
Balance of Trade -1871.40 12624.50 EUR Million Jan 2026
Current Account to GDP 1.60 2.70 percent of GDP Dec 2025
Exports 215304.90 233961.20 EUR Million Jan 2026
Imports 217176.30 222651.30 EUR Million Jan 2026


Euro Area Balance of Trade
The Euro Area is one of the world’s biggest players in global trade. The bloc runs regular trade surpluses primarily due to the high export of manufactured goods such as machinery and vehicles. However, it is a net importer of energy and raw materials. Germany by far contributes the most to surplus followed by Netherlands, Ireland, and Italy. On the other hand, the deficits are constantly recorded in France and Spain. Still, in 2022, the block run the biggest trade deficit on record as the energy imports surged after the war in Ukraine forced the members to reduce energy imports from Russia and destabilized the energy markets. .
Actual Previous Highest Lowest Dates Unit Frequency
-1871.40 12624.50 35483.00 -54995.00 1999 - 2026 EUR Million Monthly
NSA

News Stream
Euro Area Trade Gap Widens in January
Euro Area trade deficit widened to €1.9 billion in January 2026 from €1.4 billion a year earlier, missing market expectations for a €12.8 billion surplus. Exports declined 7.6% year on year to €215.3 billion while imports decreased 7.3% to €217.2 billion, increasing the overall deficit by €0.5 billion. The decline was driven primarily by a sharp decline in chemicals and related products, where the surplus narrowed from €24.6 billion in January 2025 to €16.7 billion in January 2026. The machinery and vehicles sector also weakened, with its surplus shrinking from €5.6 billion to €1.6 billion over the same period. In contrast, the energy sector showed notable improvement, as its deficit decreased from €26.2 billion to €19.2 billion.
2026-03-20
Euro Area Trade Surplus Narrows in December
Euro Area trade surplus narrowed to €12.6 billion in December 2025 from €13.9 billion a year earlier as imports grew faster than exports, pointing to softer external balance despite rising trade activity. Exports rose 3.4% year on year to €234.0 billion while imports increased 4.2% to €221.3 billion, reducing the overall surplus by €1.3 billion. The decline was driven mainly by smaller surpluses in chemicals (€16.5 bn vs €20.2 bn in December 2024), machinery and vehicles, other manufactured goods and raw materials. By contrast, the energy deficit improved, narrowing to €19.1 billion from €24.5 billion a year earlier. For the full year 2025, the bloc recorded a €164.6 billion surplus, down slightly from €168.9 billion in 2024, as exports rose 2.4% but imports increased faster at 2.7%.
2026-02-13
Europe Braces for Tariff Fight Tied to Greenland
European Union ambassadors agreed Sunday to step up efforts to dissuade U.S. President Donald Trump from imposing tariffs on European allies, while preparing retaliation if duties proceed, diplomats said. Trump vowed on Saturday to impose escalating tariffs from February 1 on Denmark, Sweden, France, Germany, the Netherlands, Finland, Britain, and Norway “until the U.S. is allowed to buy Greenland,” a move that major EU states condemned as blackmail. EU leaders will debate responses at an emergency Brussels summit on Thursday. Options include a tariff package on €93 billion of U.S. imports, set to activate February 6 after a six-month suspension, or deploying the never-used “Anti-Coercion Instrument” (ACI), which could restrict U.S. access to public tenders, investments, banking, or services trade, areas where Washington runs a surplus, notably in digital services.
2026-01-19