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.