The Euro Area recorded a EUR 32.4 billion trade gap in April of 2022, compared to a EUR 14.9 billion surplus a year earlier. Imports surged 39.4 percent from a year earlier to EUR 256.4 billion, driven by a further 164.4 percent increase in energy imports compared with the same month in the previous year. Meanwhile, exports rose at a softer 12.6 percent to EUR 223.9 billion. Considering the January-April period, the Euro Area recorded a EUR 85.1 billion trade deficit, versus a surplus of EUR 71.7 billion in the corresponding period of 2021. Meanwhile, the European Union posted a trade gap of EUR 125.9 billion in the first four months of the year, as the trade gap with Russia climbed to EUR 62.6 billion (vs a EUR 14.7 billion gap in 2021) and the one with China, the biggest trading partner soared to EUR 122 billion (vs EUR 65.8 billion deficit). source: EUROSTAT

Balance of Trade in the Euro Area averaged 6979.71 EUR Million from 1999 until 2022, reaching an all time high of 30614.30 EUR Million in July of 2015 and a record low of -32438 EUR Million in April of 2022. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Balance of Trade in Euro Area is expected to be 11700.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Balance of Trade is projected to trend around 17000.00 EUR Million in 2023, according to our econometric models.

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Euro Area Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-16 09:00 AM Mar €-16.4B €-8.8B € 19.8B
2022-06-15 09:00 AM Apr €-32.4B €-16.4B €-23B
2022-07-15 09:00 AM May €-32.4B


Related Last Previous Unit Reference
Balance of Trade -32438.00 -16062.10 EUR Million Apr 2022
Current Account to GDP 3.00 3.10 percent of GDP Dec 2020
Exports 223927.90 250710.90 EUR Million Apr 2022
Imports 256365.90 266773.00 EUR Million Apr 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
-32438.00 -16062.10 30614.30 -32438.00 1999 - 2022 EUR Million Monthly
NSA

News Stream
Euro Area Posts Trade Deficit in April
The Euro Area recorded a EUR 32.4 billion trade gap in April of 2022, compared to a EUR 14.9 billion surplus a year earlier. Imports surged 39.4 percent from a year earlier to EUR 256.4 billion, driven by a further 164.4 percent increase in energy imports compared with the same month in the previous year. Meanwhile, exports rose at a softer 12.6 percent to EUR 223.9 billion. Considering the January-April period, the Euro Area recorded a EUR 85.1 billion trade deficit, versus a surplus of EUR 71.7 billion in the corresponding period of 2021. Meanwhile, the European Union posted a trade gap of EUR 125.9 billion in the first four months of the year, as the trade gap with Russia climbed to EUR 62.6 billion (vs a EUR 14.7 billion gap in 2021) and the one with China, the biggest trading partner soared to EUR 122 billion (vs EUR 65.8 billion deficit).
2022-06-15
Euro Area Posts Trade Gap for 5th Month
The Euro Area recorded a €16.4 billion trade gap in March, compared to a €22.5 billion surplus a year earlier. The deficit in energy trade almost tripled to €128.7 billion in the first three months of the year, as the war in Ukraine exacerbated an existing energy crisis in Europe, sending energy prices even higher. Imports soared 35.4% to a record high of €266.5 billion while exports increased at a softer 14% to €250.1 billion, also a record value. The European Union's trade deficit with Russia more than quadrupled to €45.2 billion in the first quarter and the trade gap with China, the biggest trading partner, almost doubled to €91.9 billion.
2022-05-16
Euro Area Posts Trade Deficit for 4th Month
The trade balance in the Euro Area swung to a EUR 7.6 billion deficit in February of 2022, the fourth consecutive period of a trade shortfall, from a EUR 23.6 billion surplus in the corresponding month of the previous year as soaring energy prices led to a sharp increase in the value of energy imports. Imports surged 38.8% from a year earlier to EUR 223.4 billion while exports rose at a softer 17% to EUR 215.8 billion. Data for the whole 27-nation European Union showed the cost of energy imports more than doubled in January and February from a year earlier, with marked increases also for imports of food and drink, raw materials, chemicals and machinery. The EU's trade deficits with energy supplier Russia more than tripled to EUR 25.2 billion in Jan-Feb and with Norway it grew to EUR 10.7 billion. The deficit also nearly doubled with China to about EUR 60 billion, and widened with India, Japan and South Korea. The EU maintained surpluses with the United States, Britain and Switzerland.
2022-04-20