European Union recorded a trade deficit of 5041 EUR Million in August of 2021. source: EUROSTAT

Balance of Trade in European Union averaged 4333.61 EUR Million from 1999 until 2021, reaching an all time high of 29929.50 EUR Million in December of 2020 and a record low of -20050.10 EUR Million in January of 2008. This page provides the latest reported value for - European Union Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. European Union Balance of Trade - values, historical data and charts - was last updated on October of 2021.

Balance of Trade in European Union is expected to be 33100.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union Balance of Trade is projected to trend around 32700.00 EUR Million in 2022, according to our econometric models.

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European Union Balance of Trade

European Union Last Unit Reference Previous Highest Lowest
Current Account To GDP 3.00 percent of GDP Dec/20 3.00 3.40 -1.40
Imports 169787.70 EUR Million Aug/21 170670.90 180777.60 52217.00
Exports 164746.80 EUR Million Aug/21 186196.00 199436.10 42243.20
Balance of Trade -5041.00 EUR Million Aug/21 15525.00 29929.50 -20050.10