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.