The Eurozone trade surplus widened to EUR 10.9 billion in April 2021, from EUR 2.3 billion in the same month last year, amid a sharp recovery in global demand following the relaxation of coronavirus restrictions. Exports jumped 43.2 percent, boosted by sales of manufactured goods (45.8 percent), including machinery and transport equipment (69.7 percent) and chemicals and related products (8.0 percent). In addition, exports of raw materials rose 57.1 percent and those of food, drinks and tobacco advanced 7.5 percent. Exports rose sharply to all main trade partners, including the US, UK, China, Switzerland, Russia and Turkey. Imports increased 37.4 percent, with purchases advancing for manufactured goods (33.0 percent) such as machinery and transport equipment (42.8 percent) and chemicals and related products (13.5 percent); raw materials (38.0 percent); and food, drinks and tobacco (2.9 percent). Among key partners, imports were mostly up from Russia, Turkey, India and Norway. source: EUROSTAT
Balance of Trade in the Euro Area averaged 7412.25 EUR Million from 1999 until 2021, reaching an all time high of 30614.30 EUR Million in July of 2015 and a record low of -16418.80 EUR Million in January of 2011. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Balance of Trade in Euro Area is expected to be 18200.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Euro Area to stand at 7800.00 in 12 months time. In the long-term, the Euro Area Balance of Trade is projected to trend around 32000.00 EUR Million in 2022 and 31000.00 EUR Million in 2023, according to our econometric models.