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

The trade surplus in the Euro Area declined to EUR 17.6 billion in July of 2018 from EUR 21.6 billion a year earlier and compared with market expectations of EUR 18 billion. Imports jumped 13.4 percent year-on-year to EUR 177.1 billion, the second-highest value on record. Exports rose at a softer 9.4 percent to EUR 194.6 billion. Intra-Euro Area trade rose to EUR 162.3 billion, up by 9.3 percent compared with July 2017. Balance of Trade in the Euro Area averaged 5798.97 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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Euro Area Trade Surplus Falls in July


The trade surplus in the Euro Area declined to EUR 17.6 billion in July of 2018 from EUR 21.6 billion a year earlier and compared with market expectations of EUR 18 billion. Imports jumped 13.4 percent year-on-year to EUR 177.1 billion, the second-highest value on record. Exports rose at a softer 9.4 percent to EUR 194.6 billion. Intra-Euro Area trade rose to EUR 162.3 billion, up by 9.3 percent compared with July 2017.

In the first seven months of the year, exports of goods went up 4 percent year-on-year to EUR 1319.3 billion, while imports rose 5.1 percent to EUR 1200.8 billion. As a result the Euro Area trade surplus narrowed to EUR 118.5 billion from EUR 125.3 billion. Intra-Euro Area trade rose to EUR 1143.3 billion, up by 6% percent compared with January-July 2017.

Considering the European Union, exports went up 9.6 percent year-on-year to EUR 170.4 billion and imports jumped 15.4 percent to EUR 170.4 billion, sharply narrowing the trade surplus to EUR 0.1 billion from EUR 7.8 billion in July 2017. Intra-EU28 trade rose to EUR 288 billion, up by 8.7 percent compared with July 2017.

In January to July 2018, the EU28 recorded a deficit of EUR 4.1 billion, compared with a surplus of EUR 6.3 billion in January-July 2017. Exports of goods rose 3.6 percent to EUR 1127.2 billion, boosted by sales of machinery and vehicles (2.1 percent), other manufactured goods (3.8 percent), chemicals (6.2 percent), energy (11.5 percent) and raw materials (2.7 percent) while shipments of food and drinks declined 0.4 percent. Sales rose to all main export partners, namely the US (5.3 percent), China (4.5 percent), Switzerland (0.3 percent) and Russia (1 percent). Imports went up 4.5 percent to EUR 1131.2 billion, mainly due to machinery and vehicles (2.2 percent), other manufactured goods (2.1 percent), energy (18 percent) and chemicals (1.8 percent). Purchases of food and drinks declined 1.4 percent. China was the biggest import partner, with purchases rising 2.2 percent; the US was the second highest import partner although imports fell 0.4 percent; Switzerland (-0.6 percent) and Russia (+11.9 percent). 


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
9/14/2018 9:42:40 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-16 09:00 AM Balance of Trade €16.5B €16.7B €20.9B €23.6B
2018-08-16 09:00 AM Balance of Trade €22.5B €16.5B €18B € 29B
2018-09-14 09:00 AM Balance of Trade €17.6B €22.7B €18B €25.5B
2018-10-16 09:00 AM Balance of Trade €17.6B €17.9B
2018-11-15 10:00 AM Balance of Trade € 23.4B
2018-12-17 10:00 AM Balance of Trade €22.7B


Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 17555.60 22688.20 30074.90 -16510.20 EUR Million [+]
Exports 194631.60 198783.60 205851.80 53045.90 EUR Million [+]
Imports 177076.00 176095.40 177310.60 55698.40 EUR Million [+]
Current Account 31.93 28.77 55.21 -28.62 EUR Billion [+]
Current Account to GDP 3.50 3.40 3.50 -1.50 percent [+]
External Debt 13810662.00 13566525.00 14220708.00 5501622.00 EUR Million [+]
Capital Flows 6.13 35.18 101.03 -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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
17555.60 22688.20 30074.90 -16510.20 1999 - 2018 EUR Million Monthly
NSA




balance of trade by Country
Country Last
Argentina -789.00 Jul/18
Australia 1551.00 Jul/18
Brazil 3774.99 Aug/18
Canada -114.30 Jul/18
China 279.10 Aug/18
Euro Area 17555.60 Jul/18
France -3490.00 Jul/18
Germany 16461.00 Jul/18
India -17390.00 Aug/18
Indonesia -1021.40 Aug/18
Italy 5676.00 Jul/18
Japan -444.59 Aug/18
Mexico -2889.20 Jul/18
Netherlands 4612.00 Jul/18
Russia 13402.00 Jul/18
Saudi Arabia 120299.00 Mar/18
Singapore 6755.10 Aug/18
South Africa -4657.00 Jul/18
South Korea 6900.00 Aug/18
Spain -3247700.00 Jul/18
Switzerland 1407.94 Aug/18
Turkey -5980.00 Jul/18
United Kingdom -111.00 Jul/18
United States -50082.00 Jul/18


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