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

The Euro Area trade surplus narrowed to EUR 16.1 billion in August 2017 from EUR 17.5 billion in the corresponding month of the previous year and way below market expectations of EUR 23.3 billion. Exports rose 6.8 percent year-on-year to EUR 171.5 billion while imports grew at a faster 8.6 percent to EUR 155.4 billion. In January to August, the trade surplus decreased to EUR 145.3 billion from EUR 172.2 billion in the same period of 2016. Balance of Trade in the Euro Area averaged 5181.52 EUR Million from 1999 until 2017, reaching an all time high of 30100.80 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 August Trade Surplus Smaller than Expected


The Euro Area trade surplus narrowed to EUR 16.1 billion in August 2017 from EUR 17.5 billion in the corresponding month of the previous year and way below market expectations of EUR 23.3 billion.

Exports of goods to the rest of the world increased by 6.8 percent to EUR 171.5 billion from EUR 160.6 billion in August 2016, while imports advanced at a faster 8.6 percent to EUR 155.4 billion from EUR 143.1 billion. Intra-euro area trade rose to EUR 132.9 billion, up by 7.6 percent compared with August 2016.

In January to August 2017, the trade surplus decreased to EUR 145.3 billion from EUR 172.2 billion in the same period of 2016, as exports grew 7.6 percent to EUR 1,437.6 billion and imports jumped 11.1 percent to EUR 1,292.4 billion.

Considering the European Union, the trade deficit fell to EUR 5.1 billion from EUR 8.2 billion a year ago. Exports rose 6.4 percent over a year earlier to EUR 145.5 billion and imports increased 3.9 percent to EUR 150.5 billion. 

In the first eight months of 2017, the trade surplus narrowed to EUR 5.5 billion from EUR 5.9 billion in the same period of 2016. Exports rose 9.3 percent to EUR 1,233.3 billion, boosted by sales of machinery and vehicles (7.4 percent); other manufactured goods (7.7 percent); chemicals (7.8 percent); food and drink (6 percent); energy (38.6 percent) and raw materials (19 percent). Shipments went up to the US (4 percent), China (19.2 percent), Switzerland (13.1 percent), Russia (22.3 percent) and Turkey (5.9 percent). Imports went up 9.4 percent to EUR 1,227.8 billion, boosted by purchases of machinery and vehicles (7.7 percent); other manufactured goods (6.6 percent); energy (34.6 percent); chemicals (5.5 percent); raw materials (17.3 percent) and food and drink (4.5 percent). Imports went up from the US (3.4 percent), China (7.1 percent), Russia (28.1 percent) and Turkey (5.2 percent). 

Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/16/2017 9:20:17 AM



Calendar GMT Actual Previous Consensus TEForecast
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 €16.1B €23.2B €23.3B €18.5B
2017-11-15 10:00 AM Balance of Trade €16.1B
2017-12-15 10:00 AM Balance of Trade


Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 16086.90 22309.40 30100.80 -16510.20 EUR Million [+]
Exports 171526.90 178091.40 205410.10 53045.90 EUR Million [+]
Imports 155439.90 155782.00 176509.50 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 13888577.58 13959630.30 13959630.30 5501622.07 EUR Million [+]
Capital Flows 43.91 95.70 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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
16086.90 22309.40 30100.80 -16510.20 1999 - 2017 EUR Million Monthly
NSA




balance of trade by Country

Last
Australia 989.00 Aug/17
Brazil 5178.00 Sep/17
Canada -3413.40 Aug/17
China 284.67 Sep/17
Euro Area 16086.90 Aug/17
France -4514.00 Aug/17
Germany 20000.00 Aug/17
India -8984.29 Sep/17
Indonesia 1760.00 Sep/17
Italy 2769.02 Aug/17
Japan 113.64 Aug/17
Mexico -2732.00 Aug/17
Netherlands 4073.00 Aug/17
Russia 6612.00 Aug/17
South Korea 13800.00 Sep/17
Spain -2099000.00 Jul/17
Switzerland 2173.00 Aug/17
Turkey -5873.11 Aug/17
United Kingdom -5626.00 Aug/17
United States -42395.00 Aug/17