European Union recorded a trade deficit of 19876 EUR Million in January of 2020.
Balance of Trade in European Union averaged -7220.05 EUR Million from 1999 until 2020, reaching an all time high of 21555.80 EUR Million in December of 2016 and a record low of -34765.70 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 August of 2020.
Balance of Trade in European Union is expected to be -19800.00 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 European Union to stand at -11200.00 in 12 months time. In the long-term, the European Union Balance of Trade is projected to trend around 4100.00 EUR Million in 2021 and 12100.00 EUR Million in 2022, according to our econometric models.