Imports to the Euro Area fell 24.8 percent from a year earlier to EUR 133.7 billion in April 2020, the lowest since August 2014, as the coronavirus pandemic forced non-essential businesses to close and consumers to stay at home. Purchases were down for machinery & transport equipment (-30.6 percent), miscellaneous manufactured articles (-31.0 percent), mineral fuels, lubricants & related materials (-56.2 percent), manufactured goods classified chiefly by material (-12.2 percent), food & live animals (-4.2 percent) and crude materials, inedible, except fuels (-14.4 percent). Meanwhile, imports of chemicals & related products rose 3.6 percent. Among key trade partners, imports fell from the UK (-20.8 percent), the US (-12.9 percent), Switzerland (-11.0 percent), Russia (-54.1 percent), Norway (-47.5 percent), Turkey (-45.4 percent), Japan (-25.1 percent), South Korea (-18.9 percent) and India (-41.9 percent). Imports from China rose 7.6 percent.
Imports in the Euro Area averaged 124919.38 EUR Million from 1999 until 2020, reaching an all time high of 196177.40 EUR Million in October of 2018 and a record low of 55698.40 EUR Million in January of 1999. This page provides the latest reported value for - Euro Area Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Imports - values, historical data and charts - was last updated on July of 2020. source: Eurostat
Imports in Euro Area is expected to be 134000.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Euro Area to stand at 152500.00 in 12 months time. In the long-term, the Euro Area Imports is projected to trend around 147000.00 EUR Million in 2021 and 165000.00 EUR Million in 2022, according to our econometric models.