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

The Eurozone trade surplus widened to a record high of €30.9 billion in March 2017 from €28.2 billion surplus in the same month of the previous year and above market expectations of €17.8 billion. Exports increased 13 percent to €202.3 billion and imports went up 17 percent to €171.4 billion. Balance of Trade in the Euro Area averaged 4855.10 EUR Million from 1999 until 2017, reaching an all time high of 30899.90 EUR Million in March of 2017 and a record low of -16510.20 EUR Million in January of 2011.

Euro Area Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-17 10:00 AM Jan €-0.6B €28.1B €5.1B
2017-04-19 09:00 AM Feb €17.8B €-0.6B €16.2B €19.1B
2017-05-16 09:00 AM Mar €30.9B €26.5B €17.8B €29.5B
2017-06-15 09:00 AM Apr €30.9B
2017-07-14 09:00 AM May
2017-08-17 09:00 AM Jun




Euro Area Trade Surplus Hits Record High


The Eurozone trade surplus widened to a record high of €30.9 billion in March 2017 from €28.2 billion surplus in the same month of the previous year and above market expectations of €17.8 billion. Exports increased 13 percent to €202.3 billion and imports went up 17 percent to €171.4 billion.

Considering the first three months of the year, the trade surplus narrowed to €46.7 billion from €51.1 billion a year ago, as exports were up by 10 percent to €536.5 billion while imports rose 12 percent to €489.9 billion.

Meanwhile, the European Union recorded a €10.5 billion surplus in trade in goods with the rest of the world, compared with a €5.9 billion surplus in March 2016. 

In January to March 2017, the trade gap rose to €5.7 billion, compared with €3.7 billion in the same period a year earlier, as exports went up by 13 percent to €462.5 billion and imports jumped 13 percent to €468.2 billion.

Exports of primary goods surged 27 percent to €66.9 billion, led by an increase in sales of energy (62 percent), raw materials and (27 percent) and food and drink (7 percent). Also, manufactured goods rose 11 percent to €379.5 billion, driven by chemicals (14 percent), machinery and vehicles (11 percent) and other manufactured goods (8 percent). Among trading partners, the biggest increases in exports were reported for Russia (28 percent), the US (11 percent), China (22 percent), South Korea (12 percent), Switzerland (12 percent) and Japan (14 percent).

Imports of primary goods rose 38 percent to €138.9 billion, led by energy (60 percent), raw materials (20 percent) and food and drink (6 percent). Imports of manufactured goods increased 6 percent to €314.7 billion, driven by machinery and vehicles (7 percent) and other manufactured goods (5percent) and chemicals (6 percent). Among trading partners, the biggest increases in imports were reported for Russia (47 percent), Norway (43 percent); South Korea (30 percent) and  Canada (13 percent).

Eurostat | Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/16/2017 9:17:15 AM



Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 30899.90 16909.70 30899.90 -16510.20 EUR Million [+]
Exports 202279.60 171202.90 202279.60 53045.90 EUR Million [+]
Imports 171379.70 154293.20 171379.70 55698.40 EUR Million [+]
Current Account 44.80 27.80 44.80 -28.51 EUR Billion [+]
Current Account to GDP 3.70 1.90 2.10 -1.60 percent [+]
External Debt 13558785.12 13362619.36 13558785.12 5501622.07 EUR Million [+]
Capital Flows 42.26 -0.85 88.17 -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 Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
30899.90 16909.70 30899.90 -16510.20 1999 - 2017 EUR Million Monthly
NSA



balance of trade by Country

Last
Australia 3107.00 Mar/17
Brazil 6969.00 Apr/17
Canada -134.70 Mar/17
China 380.48 Apr/17
Euro Area 30899.90 Mar/17
France -5353.00 Mar/17
Germany 25385.00 Mar/17
India -13249.19 Apr/17
Indonesia 1238.30 Apr/17
Italy 5418.04 Mar/17
Japan 481.75 Apr/17
Mexico 616.79 Apr/17
Netherlands 6719.00 Mar/17
Russia 12598.00 Mar/17
South Korea 13254.00 Apr/17
Spain -1458000.00 Mar/17
Switzerland 1968.25 Apr/17
Turkey -4492.00 Mar/17
United Kingdom -4900.00 Mar/17
United States -43706.00 Mar/17