The European Union recorded a trade deficit of €43.6 billion in April of 2022, compared to a €12.6 billion surplus a year earlier, as imports soared 45.4% to €242.1 billion and exports increased at a slower 10.8% to €198.5 billion. Considering the first four months of the year, the European Union posted a trade gap of EUR 125.9 billion, as the trade deficit 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 European Union averaged 3642.05 EUR Million from 1999 until 2022, reaching an all time high of 29531.20 EUR Million in December of 2016 and a record low of -43625.30 EUR Million in April of 2022. 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 July of 2022.
Balance of Trade in European Union is expected to be 13100.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union Balance of Trade is projected to trend around 15600.00 EUR Million in 2023 and 13400.00 EUR Million in 2024, according to our econometric models.