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

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. Exports increased 3 percent to EUR 177.5 billion and imports rose at a softer 1.5 percent to EUR 158.6 billion. Balance of Trade in the Euro Area averaged 5512.12 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 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.

Exports of goods to the rest of the world rose by 3 percent to EUR 177.5 billion in February from EUR 172.3 billion a year earlier, while imports advanced at a slower 1.5 percent to EUR 158.6 billion from EUR 156.2 billion. Intra-euro area trade rose 3.9 percent year-on-year to EUR 153.7 billion in February.

Considering the first two months of the year, the trade surplus widened to EUR 22.4 billion from EUR 14.5 billion in the same period of 2017, as exports grew 5.9 percent to EUR 356.2 billion and imports increased 3.8 percent to EUR 333.8 billion.

Meanwhile, the European Union trade surplus widened to EUR 3.3 billion in February from EUR 0.2 billion a year ago. Exports went up 1.7 percent to EUR 149.2 billion from EUR 146.7 billion in February 2017, while imports fell 0.4 percent to EUR 145.9 billion from EUR 146.5 billion. 

In January-February, the trade deficit decreased to EUR 17.1 billion from EUR 17.5 billion in the same period of 2017. Imports rose 3.6 percent to EUR 316.8 billion, boosted by purchases of energy (5.3 percent); raw materials (3.9 percent); machinery and vehicles (3.8 percent); and other manufactured goods (4.7 percent). Meanwhile, imports fell for both chemicals (-1.8 percent); and food and drink (-2.7 percent). Imports rose mainly from China (6 percent) and Turkey (7.1 percent), but declined from the US (-3.3 percent), Switzerland (-4.9 percent) and Russia (-0.4 percent). Exports went up 4 percent to EUR 299.7 billion, boosted by higher sales of energy (1.8 percent); raw materials (3.7 percent); other manufactured goods (6.4 percent); machinery and vehicles (4.1 percent); chemicals (10.3 percent); and food and drink (0.5 percent). Exports grew to the US (2.2 percent); China (3.8 percent); Russia (4.9 percent); Turkey (18.9 percent); but dropped to Switzerland (-8.5 percent).


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/13/2018 9:40:31 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-15 10:00 AM Balance of Trade €25.4B €26.3B €30.2B €28.1B
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
2018-05-17 09:00 AM Balance of Trade €18.9B €31.0B
2018-06-15 09:00 AM Balance of Trade €19.2B
2018-07-16 09:00 AM Balance of Trade €23.6B


Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 18897.50 3529.00 30074.90 -16510.20 EUR Million [+]
Exports 177530.60 178662.00 205921.80 53045.90 EUR Million [+]
Imports 158633.00 175133.00 177357.40 55698.40 EUR Million [+]
Current Account 22.73 12.60 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 15.07 16.00 101.03 -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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
18897.50 3529.00 30074.90 -16510.20 1999 - 2018 EUR Million Monthly
NSA




balance of trade by Country
Country Last
Australia 825.00 Feb/18
Brazil 6280.75 Mar/18
Canada -2686.00 Feb/18
China -49.83 Mar/18
Euro Area 18897.50 Feb/18
France -5186.00 Feb/18
Germany 18400.00 Feb/18
India -13690.00 Mar/18
Indonesia 1091.70 Mar/18
Italy 3104.28 Feb/18
Japan 797.35 Mar/18
Mexico 1062.00 Feb/18
Netherlands 4514.00 Feb/18
Russia 12192.00 Feb/18
South Korea 6865.00 Mar/18
Spain -2167000.00 Feb/18
Switzerland 3215.34 Feb/18
Turkey -5760.71 Feb/18
United Kingdom -965.00 Feb/18
United States -57591.00 Feb/18


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