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

The Euro Area trade surplus narrowed to EUR 25.4 billion in December 2017 from EUR 27.6 billion in the same month of the previous year, missing market expectations of EUR 30.2 billion. Imports rose 2.5 percent to EUR 155.3 billion while exports increased at a softer 1 percent to EUR 180.7 billion. Balance of Trade in the Euro Area averaged 5482.56 EUR Million from 1999 until 2017, reaching an all time high of 30076.20 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 December Trade Surplus Smaller than Expected


The Euro Area trade surplus narrowed to EUR 25.4 billion in December 2017 from EUR 27.6 billion in the same month of the previous year, missing market expectations of EUR 30.2 billion.

Imports of goods from the rest of the world rose by 2.5 percent to EUR 155.3 billion from EUR 151.4 billion in December 2016, while exports advanced at a slower 1 percent to EUR 180.7 billion from EUR 179 billion. Intra-euro area trade rose to EUR 142.4 billion, up by 2.8 percent compared with December 2016.

Considering 2017 full year, the trade surplus narrowed sharply to EUR 238.1 billion from EUR 265.2 billion in 2016, as imports grew 9.7 percent to EUR 1,954.8 billion and exports increased 7.1 percent to EUR 2,192.9 billion.

Meanwhile, the European Union trade surplus narrowed to EUR 14.3 billion in December from EUR 20.7 billion a year ago. Imports went up 1.4 percent to EUR 146.4 billion from EUR 144.3 billion in December 2016, and exports fell 2.7 percent to EUR 160.6 billion from EUR 165 billion. 

In 2017, the trade surplus decreased to EUR 25 billion from EUR 32 billion in 2016. Imports rose 8.2 percent to EUR 1,853.5 billion, boosted by purchases of energy (27.8 percent); raw materials (14.2 percent); machinery and vehicles (6.5 percent); other manufactured goods (5.7 percent); chemicals (4.6 percent); and food and drink (2.6 percent). Imports rose mainly from Russia (22 percent), China (8.5 percent), Turkey (4.5 percent) and the US (1.5 percent). Exports went up 7.7 percent to EUR 1,878.5 billion, boosted by higher sales of energy (31.6 percent); raw materials (17 percent); other manufactured goods (7.4 percent); machinery and vehicles (6.3 percent); chemicals (6.3 percent); and food and drink (5 percent). Exports grew to Russia (19.1 percent); China (16.9 percent); Turkey (8.8 percent); Switzerland (6.1 percent) and the US (3.2 percent).


Eurostat| Joana Ferreira | joana.ferreira@tradingeconomics.com
2/15/2018 10:26:02 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-12-15 10:00 AM Balance of Trade €18.9B €26.2B €24.6B €25.1B
2018-01-15 10:00 AM Balance of Trade €26.3B €18.9B €22.4B €23.2B
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 €25.4B € 22B
2018-04-13 09:00 AM Balance of Trade € 21.7B
2018-05-17 09:00 AM Balance of Trade € 22.8B


Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 25414.60 25648.00 30076.20 -16510.20 EUR Million [+]
Exports 180710.60 199078.20 205344.30 53045.90 EUR Million [+]
Imports 155296.00 173430.20 176699.20 55698.40 EUR Million [+]
Current Account 45.81 40.09 55.50 -28.62 EUR Billion [+]
Current Account to GDP 3.50 3.40 3.50 -1.40 percent [+]
External Debt 13700905.11 13888577.58 14242703.75 5501622.07 EUR Million [+]
Capital Flows 36.23 40.50 85.30 -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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
25414.60 25648.00 30076.20 -16510.20 1999 - 2017 EUR Million Monthly
NSA




balance of trade by Country
Country Last
Australia -1358.00 Dec/17
Brazil 2768.44 Jan/18
Canada -3186.30 Dec/17
China 203.40 Jan/18
Euro Area 25414.60 Dec/17
France -3468.00 Dec/17
Germany 18226.00 Dec/17
India -16298.47 Jan/18
Indonesia -676.90 Jan/18
Italy 5253.08 Dec/17
Japan -943.42 Jan/18
Mexico -156.97 Dec/17
Netherlands 4104.00 Dec/17
Russia 13700.00 Dec/17
South Korea 3700.00 Jan/18
Spain -1621000.00 Nov/17
Switzerland 2632.00 Dec/17
Turkey -9206.19 Dec/17
United Kingdom -4896.00 Dec/17
United States -53118.00 Dec/17


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