The Eurozone trade surplus narrowed sharply to EUR 4.8 billion in August 2021, from EUR 14.0 billion in the same period last year and well below market expectations of EUR 16.1 billion, mainly due to a 26.6 percent jump in imports amid a rally in energy prices. Purchases were sharply up for fuels and lubricants (84.4 percent), crude materials (65.4 percent) and manufactured goods (17.2 percent), including chemicals and machinery & transport equipment. Among major trade partners, imports rose from Russia (107.1 percent), the US (18.4 percent), Switzerland (20.3 percent) and China (27.8 percent), but declined from the UK (-10.6 percent). Meanwhile, exports rose at a slower 18.2 percent, also boosted by sales of fuels and lubricants (90.6 percent), crude materials (32.0 percent), and manufactured goods (15.2 percent). Exports increased to the US and Turkey (20.8 percent each), Russia (13.5 percent), Switzerland (12.5 percent), China (9.2 percent), but were down to the UK (-0.4 percent). source: EUROSTAT

Balance of Trade in the Euro Area averaged 7519.10 EUR Million from 1999 until 2021, reaching an all time high of 30614.30 EUR Million in July of 2015 and a record low of -16418.80 EUR Million in January of 2011. 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 October of 2021.

Balance of Trade in Euro Area is expected to be 32000.00 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 32000.00 EUR Million in 2022 and 31000.00 EUR Million in 2023, according to our econometric models.

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Euro Area Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-09-16 09:00 AM Jul €20.7B €17.7B €30.2B
2021-10-15 09:00 AM Aug €4.8B €20.7B €16.1B €16.4B
2021-11-15 10:00 AM Sep € 26.7B
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News Stream
Eurozone Trade Surplus Smaller than Forecast
The Eurozone trade surplus narrowed sharply to EUR 4.8 billion in August 2021, from EUR 14.0 billion in the same period last year and well below market expectations of EUR 16.1 billion, mainly due to a 26.6 percent jump in imports amid a rally in energy prices. Purchases were sharply up for fuels and lubricants (84.4 percent), crude materials (65.4 percent) and manufactured goods (17.2 percent), including chemicals and machinery & transport equipment. Among major trade partners, imports rose from Russia (107.1 percent), the US (18.4 percent), Switzerland (20.3 percent) and China (27.8 percent), but declined from the UK (-10.6 percent). Meanwhile, exports rose at a slower 18.2 percent, also boosted by sales of fuels and lubricants (90.6 percent), crude materials (32.0 percent), and manufactured goods (15.2 percent). Exports increased to the US and Turkey (20.8 percent each), Russia (13.5 percent), Switzerland (12.5 percent), China (9.2 percent), but were down to the UK (-0.4 percent).
2021-10-15
Eurozone Trade Surplus Narrows in July
The Eurozone trade surplus narrowed to EUR 20.7 billion in July 2021, from EUR 26.8 billion in the same period last year, as global demand continued to consolidate its recovery from the COVID-19 pandemic hit. Exports rose 11.4 percent, boosted by sales of raw materials (29.8 percent) such as crude materials and fuels and lubricants; and manufactured goods (9.3 percent) on the back of chemicals and related products. Among major trade partners, exports were up to Russia (19.1 percent), the US (9.7 percent), the UK (6.9 percent) and Switzerland (9.9 percent), but fell to China (-0.9 percent). Imports grew at a faster 17.1 percent, led by a jump in purchases of crude materials (45.7 percent) and fuels and lubricants (79.3 percent). Imports of manufactured goods also rose 7.8 percent. Imports were up from Russia (75.0 percent), the US (14.5 percent), Switzerland (4.2 percent) and China (1.2 percent), but declined from the UK (-8.7 percent).
2021-09-16
Eurozone Trade Surplus Narrows in June
The Eurozone trade surplus narrowed to EUR 18.1 billion in June 2021, from EUR 20.0 billion in the same period last year, amid a global demand recovery as the world economy continued to re-open. Exports rose 23.8 percent, boosted by sales of raw materials (54.0 percent), chemicals and related products (21.2 percent), and other manufactured goods (27.1 percent) including machinery and transport equipment (19.6 percent). Among major trade partners, exports rose to China (15.1 percent), the US (31.8 percent), the UK (14.3 percent), Switzerland (5.9 percent), and Russia (14.5 percent). Imports were up at a faster 28.2 percent, as purchases rose for raw materials (58.8 percent), chemicals and related products (21.7 percent), and other manufactured goods (18.6 percent). Imports increased from Russia (95.2 percent), the US (34.6 percent), Switzerland (27.5 percent), China (3.9 percent) and the UK (1.0 percent).
2021-08-13

Euro Area Last Unit Reference Previous Highest Lowest
Balance of Trade 4810.10 EUR Million Aug/21 20689.10 30614.30 -16418.80
Current Account to GDP 3.00 percent of GDP Dec/20 3.10 3.60 -1.80
Exports 184269.40 EUR Million Aug/21 206143.50 219129.00 53045.90
Imports 179459.30 EUR Million Aug/21 185454.30 196611.90 55698.40


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).