Euro Area Balance of Trade 1999-2015 | Data | Chart | Calendar | Forecast

Euro Area recorded a trade surplus of 24300 EUR Million in December of 2014. Balance of Trade in the Euro Area averaged 2923.02 EUR Million from 1999 until 2014, reaching an all time high of 24300 EUR Million in December of 2014 and a record low of -16638 EUR Million in January of 2011. Balance of Trade in the Euro Area is reported by the Eurostat.

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Euro Area Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
24300.00 21200.00 24300.00 -16638.00 1999 - 2014 EUR Million Monthly
NSA
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). This page provides - Euro Area Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Euro Area Balance of Trade - was last refreshed on Saturday, February 28, 2015.


Euro Area Trade Surplus Hit Record High


The Eurozone recorded a €24.3 billion surplus in December of 2014, up from a revised € 21.2 billion in the previous month and a € 13.6 billion surplus a year earlier. It is the highest surplus on record due to a surge in exports.

Year-on-year, exports increased 8 percent to € 161.5 billion in December and imports rose 2 percent to € 137.2 billion.

From November to December, exports fell 1.1 percent and imports shrank 2.4 percent. 

For the whole of 2014, exports increased 2 percent year-on-year while imports were flat, bringing the trade surplus to € 194.8 billion from € 152.3 billion in 2013.

In December of 2014, the EU 28 recorded a €12.4 billion surplus, compared with a € 8.1 billion surplus in December of 2013.

Considering the first eleven months of 2014, the highest increases in EU 28 exports were registered with China (+11 percent), South Korea (+8 percent) and the United States (+6 percent), and for EU 28 imports with South Korea and China (both +8 percent) and Turkey (+7 percent). The most notable decreases were recorded for exports to Switzerland (-18 percent), Russia (-13 percent) and Brazil (-8 percent), and for imports from Russia (-10 percent), Norway (-7 percent) and Brazil (-6 percent).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+€ 201.8 billion), followed by the Netherlands (+€57.5 billion), Italy (+€37.1 billion), Ireland (+€32.2 billion), the Czech Republic (+€15.4 billion) and Belgium (+€13.6 billion). The United Kingdom (-€121.1 billion) registered the largest deficit, followed by France (-€67.5 billion), Spain (-€23.0 billion) and Greece (-€18.9 billion).

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
2/16/2015 10:25:15 AM


Recent Releases

Euro Area Reports €20 Billion Trade Surplus in November
The Eurozone recorded a €20 billion surplus in November of 2014, down from record high of €24 billion in previous month but up compared to €16.5 billion surplus a year earlier. Published on 2015-01-15

Euro Area Trade Surplus Widens to Record High
Eurozone trade surplus increased to € 24 billion in October of 2014 from a € 16.5 billion surplus a year earlier, driven by higher exports. It is the highest surplus on record. Published on 2014-12-16


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-16 10:00 AM
Balance of Trade  Oct
€ 24B € 18.1B (R) € 19.6B € 17B
2015-01-15 10:00 AM
Balance of Trade  Nov
€ 20B € 23.6B (R) € 19.7B
2015-02-16 10:00 AM
Balance of Trade  Dec
€ 24.3B € 21.2B (R) € 20.5B € 20.4B
2015-03-18 10:00 AM
Balance of Trade  Jan
€ 24.3B € 13.1B
2015-04-15 10:00 AM
Balance of Trade  Feb
€ 17.6B
2015-05-19 10:00 AM
Balance of Trade  Mar
€ 15.7B


Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 24300.00 21200.00 24300.00 -16638.00 EUR Million [+]
Exports 161500.00 163200.00 179730.00 53086.80 EUR Million [+]
Imports 137206.90 142012.00 161018.00 55641.60 EUR Million [+]
Current Account 29.20 26.50 32.91 -26.95 EUR Billion [+]
Current Account to GDP 2.40 1.40 2.40 -1.50 percent [+]
External Debt 11959040.00 11638945.00 12096481.11 5501622.07 EUR Million [+]
Capital Flows 25.86 81.68 132.58 -38.59 EUR Billion [+]
Gold Reserves 503.19 503.19 766.88 501.45 Tonnes [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -436.00 Dec/14 -1016.00 2219.00 -3897.00 AUD Million [+]
Brazil -3173.95 Jan/15 293.00 5659.37 -4058.14 USD Million [+]
Canada -650.00 Dec/14 -340.00 8524.80 -2902.90 CAD Million [+]
China 600.30 Jan/15 496.13 544.76 -319.71 USD Hundred Million [+]
Euro Area 24300.00 Dec/14 21200.00 24300.00 -16638.00 EUR Million [+]
France -3446.00 Dec/14 -3093.00 2674.00 -7086.00 EUR Million [+]
Germany 19000.00 Dec/14 17900.00 23400.00 -535.91 EUR Million [+]
India -8320.00 Jan/15 -9430.00 258.90 -20210.90 USD Million [+]
Indonesia 709.40 Jan/15 186.80 4641.92 -2329.13 USD Million [+]
Italy 5756.00 Dec/14 3541.23 6923.00 -6389.30 EUR Million [+]
Japan -1177.50 Jan/15 -660.70 1608.67 -2795.04 JPY Billion [+]
Mexico -3248.00 Jan/15 254.00 1710.25 -3292.30 USD Million [+]
Netherlands 4891.20 Dec/14 5110.00 5110.00 -907.60 EUR Million [+]
Russia 12927.00 Dec/14 13359.00 20356.00 -185.00 USD Million [+]
South Korea 5530.00 Jan/15 5750.00 7380.00 -4043.45 USD Million [+]
Spain -1821800.00 Dec/14 -1555245.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3432.72 Jan/15 1514.42 3901.00 -1478.68 CHF million [+]
Turkey -4305.31 Jan/15 -8505.55 24.51 -10453.06 USD Million [+]
United Kingdom -2895.00 Dec/14 -1841.00 2946.00 -5397.00 GBP Million [+]
United States -46560.00 Dec/14 -39750.00 1946.00 -67823.00 USD Million [+]