Euro Area Balance of Trade  1999-2016 | Data | Chart | Calendar | Forecast

The Eurozone trade surplus increased to €28.6 billion in March of 2016 compared to a €19.9 billion surplus a year earlier, beating market expectations of €22.5 billion. It was the highest reading since July last year, as exports fell 3 percent while imports dropped at a much faster 8 percent. Considering the first quarter of the year, the trade surplus increased to €53.9 billion, compared with €46.8 billion in the same period of 2015. Balance of Trade in the Euro Area averaged 3925.12 EUR Million from 1999 until 2016, reaching an all time high of 31498.10 EUR Million in July of 2015 and a record low of -16509.80 EUR Million in January of 2011. Balance of Trade in the Euro Area is reported by the Eurostat.

Euro Area Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
28644.00 19316.40 31498.10 -16509.80 1999 - 2016 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 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 - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-17 10:00 AM Jan €6.2B €25.4B €9.0B €12.5B
2016-04-15 09:00 AM Feb €19B €8B € 20.8B
2016-05-17 09:00 AM Mar €28.6B €19.3B €22.5B €21.7B
2016-06-15 09:00 AM Apr €28.6B €21.5B
2016-07-15 09:00 AM May €18.9B
2016-08-16 09:00 AM Jun €21.1B

Euro Area Trade Surplus Widens to 8-Month High


The Eurozone trade surplus increased to €28.6 billion in March of 2016 compared to a €19.9 billion surplus a year earlier, beating market expectations of €22.5 billion. It was the highest reading since July last year, as exports fell 3 percent while imports dropped at a much faster 8 percent. Considering the first quarter of the year, the trade surplus increased to €53.9 billion, compared with €46.8 billion in the same period of 2015.

Exports of goods to the rest of the world fell 3 percent on the year to €177.8 billion, while imports declined 8 percent to €149.2 bn. In January to March 2016, exports fell 1 percent year-on-year to €485.8 bn and imports fell 3 percent to €432.0 bn, resulting in a surplus of €53.9 bn, compared with €46.8 bn in the same period a year earlier.

The European Union recorded a €7.2 bn surplus in trade in goods with the rest of the world, compared with +€6.7 bn in March 2015, as exports went down 7 percent to €150.7 billion while imports decreased 8 percent to €143.5 bn. Intra-EU28 trade fell to €270.9 bn, -2 percent compared with March 2015. 

In January to March 2016, the EU28 recorded a deficit of €0.8 bn, compared with -€3.5 bn in January-March 2015. Exports of goods dropped 4 percent to €409.1 bn, led by a fall sales of energy (-27 percent), raw materials (-8 percent) and machinery and vehicles (-4 percent); and imports contracted 5 percent to €409.9 bn, as purchases of energy (-32 percent) and raw materials (-8 percent) fell by the most. Among trading partners, the biggest decreases in shipments were reported for South Korea (-11 percent), Switzerland (-10 percent) and Russia (-9 percent); while the decline in imports mainly reflected the strong fall in purchases from Norway (-24 percent), Russia (-21 percent) and Canada (-7 percent).

Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/17/2016 10:59:08 AM

Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 28644.00 19316.40 31498.10 -16509.80 EUR Million [+]
Exports 177821.10 163077.90 185557.90 53045.90 EUR Million [+]
Imports 149177.20 143761.50 162878.10 55698.40 EUR Million [+]
Current Account 32.30 11.05 44.20 -26.35 EUR Billion [+]
Current Account to GDP 3.70 1.90 2.10 -1.60 percent [+]
External Debt 12498814.86 12668634.13 12995032.68 5501622.07 EUR Million [+]
Capital Flows 52.07 50.55 129.48 -104.40 EUR Billion [+]
Gold Reserves 504.77 504.77 766.88 501.45 Tonnes [+]




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Afghanistan -7159.00 Dec/15
Albania -27150.00 Mar/16
Algeria -1270.00 Sep/15
Angola 3771.96 Sep/15
Argentina -266.00 Mar/16
Armenia -318.80 Apr/16
Aruba -491.66 Sep/15
Australia -2163.00 Mar/16
Austria -544.00 Feb/16
Azerbaijan 509849.00 Dec/15
Bahamas -514.90 Dec/15
Bahrain 3441.00 Dec/14
Bangladesh -48.12 Feb/16
Barbados -254822.00 Dec/15
Belarus -293.60 Mar/16
Belgium 2055.90 Mar/16
Belize -138.70 Feb/16
Benin -311.87 Dec/15
Bhutan -26021.60 Dec/15
Bolivia -355.90 Dec/15
Bosnia and Herzegovina -404.87 Apr/16
Botswana 549.30 Feb/16
Brazil 4860.00 Apr/16
Brunei 307.80 Mar/16
Bulgaria -289.30 Mar/16
Burkina Faso -49.00 Sep/14
Burundi -52214.90 Dec/15
Cambodia -786.30 Jan/16
Cameroon -1054.40 Dec/13
Canada -3414.00 Mar/16
Cape Verde -4178.80 Mar/16
Cayman Islands -791.40 Dec/14
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 556.00 Apr/16
China 455.62 Apr/16
Colombia -1.29 Mar/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -464.40 Apr/16
Croatia -5528.98 Mar/16
Cuba -7926.60 Dec/14
Cyprus -264946.00 Mar/16
Czech Republic 53900.00 Mar/16
Denmark 8108.60 Mar/16
Djibouti -119840.00 Dec/14
Dominican Republic -688.50 Dec/15
East Timor -49370.69 Mar/16
Ecuador 18691.00 Mar/16
Egypt -2258.00 Mar/16
El Salvador -322.60 Mar/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -172.33 Mar/16
Ethiopia -3557.70 Dec/15
Euro Area 28644.00 Mar/16
European Union 7202.30 Mar/16
Fiji -185801.00 Nov/15
Finland -265.00 Mar/16
France -4368.00 Mar/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -821.90 Apr/16
Germany 26000.00 Mar/16
Ghana -1226.00 Sep/15
Greece -1535.24 Mar/16
Guatemala -405.70 Mar/16
Guinea -103.83 Jun/13
Guinea Bissau -32.30 Dec/14
Guyana -77.30 Sep/15
Haiti -160.26 Jul/15
Honduras -465.70 Dec/15
Hong Kong -47028.00 Mar/16
Hungary 300000.00 Mar/16
Iceland -6600.00 Apr/16
India -4840.00 Apr/16
Indonesia 670.00 Apr/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 4106000.00 Mar/16
Israel -950.30 Apr/16
Italy 5360.00 Mar/16
Ivory Coast 890.60 Dec/14
Jamaica -779000.00 Sep/15
Japan 823.47 Apr/16
Jordan -741181.00 Feb/16
Kazakhstan 784.90 Mar/16
Kenya -60391.09 Mar/16
Kosovo -209942.00 Mar/16
Kuwait 1049.00 Dec/15
Kyrgyzstan -216.90 Mar/16
Laos -488.34 Sep/15
Latvia -192.00 Mar/16
Lebanon -1529.88 Mar/16
Lesotho -2961.47 Dec/15
Liberia -78.20 Feb/16
Libya -17675.60 Dec/14
Liechtenstein 371580.00 Mar/16
Lithuania -228.70 Mar/16
Luxembourg -0.42 Feb/16
Macau -4479038.32 Mar/16
Macedonia -193229.00 Mar/16
Madagascar -30435.00 Dec/15
Malawi -31524.80 Sep/15
Malaysia 11192.61 Mar/16
Maldives -133.30 Feb/16
Mali -100.60 Mar/15
Malta -177981.00 Mar/16
Mauritania -24.89 Dec/15
Mauritius -4607.00 Feb/16
Mexico 155.00 Mar/16
Moldova -233.00 Mar/16
Monaco -22.60 Dec/15
Mongolia 124.70 Apr/16
Montenegro -138515.00 Mar/16
Morocco -15231.00 Apr/16
Mozambique -1274.70 Sep/15
Myanmar -72.20 Sep/15
Namibia -8322.34 Dec/15
Nepal -58541.90 Dec/15
Netherlands 5017.00 Mar/16
New Caledonia -9528.00 Feb/16
New Zealand 117.00 Mar/16
Nicaragua -225.70 Feb/16
Niger -441985.00 Sep/15
Nigeria 26385.50 Dec/15
North Korea -476.67 Dec/15
Norway 10602.00 Apr/16
Oman -45.20 Dec/15
Pakistan -225061.00 Apr/16
Palestine -326.70 Mar/16
Panama -950888.00 Mar/16
Papua New Guinea 4191.00 Sep/15
Paraguay 125672.34 Apr/16
Peru -45.00 Mar/16
Philippines -1104000.00 Feb/16
Poland 204.00 Mar/16
Portugal -1039.99 Mar/16
Puerto Rico 2054.10 Dec/15
Qatar 7409.00 Feb/16
Republic of the Congo 4092.35 Dec/10
Romania -973.90 Mar/16
Russia 7712.00 Mar/16
Rwanda -150.29 Dec/15
Sao Tome and Principe -24.59 Mar/16
Saudi Arabia 22467.00 Dec/15
Senegal -94.80 Mar/16
Serbia -406.80 Mar/16
Seychelles -31.02 Mar/16
Sierra Leone -89.75 Mar/15
Singapore 5843.00 Apr/16
Slovakia 308.00 Mar/16
Slovenia 133.87 Mar/16
Somalia -1281.56 Dec/14
South Africa 2915.79 Mar/16
South Korea 8800.00 Apr/16
South Sudan -3492.00 Dec/14
Spain -795890.00 Mar/16
Sri Lanka -695.00 Jan/16
Sudan -921327.00 Dec/15
Suriname -103.40 Dec/15
Swaziland 1217.38 Dec/15
Sweden 3900.00 Mar/16
Switzerland 2504.00 Apr/16
Syria 9394.50 Dec/10
Taiwan 4802.67 Apr/16
Tajikistan -169.20 Mar/16
Tanzania 19.70 Feb/16
Thailand 2966.00 Mar/16
Togo -68.29 Dec/14
Trinidad and Tobago 339.40 Sep/15
Tunisia -1578.70 Apr/16
Turkey -4950.00 Mar/16
Turkmenistan 2431.94 Dec/14
Uganda -164.60 Mar/16
Ukraine -230.30 Mar/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -3830.00 Mar/16
United States -40440.00 Mar/16
Uruguay -123578.00 Mar/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam 280.00 Apr/16
Yemen -2914.30 Dec/13
Zambia -800.90 Mar/16
Zimbabwe -290.99 Dec/14