Euro Area Balance of Trade 1999-2014 | Data | Chart | Calendar | Forecast

Euro Area recorded a trade surplus of 16800 EUR Million in June of 2014. Balance of Trade in the Euro Area averaged 2421.69 EUR Million from 1999 until 2014, reaching an all time high of 21780.80 EUR Million in March of 2013 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
16808.50 15400.00 21780.80 -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 Friday, August 29, 2014.


Euro Area Trade Surplus At 7-Month High


The first estimate for the euro area trade in goods balance in June of 2014 gave a € 16.8 billion surplus, compared with a € 15.7 billion surplus a year earlier. Exports rose 3 percent while imports increased at a slower 2 percent.

Exports amounted to € 162.2 billion while imports were recorded at € 145.4 billion.

The May 2014 balance was a surplus of € 15.4 bn, compared with +€ 14.6 bn in May 2013. In June 2014 compared with May 2014, seasonally adjusted exports fell by 0.5 percent while imports rose by 0.5 percent. 

The first estimate for the June 2014 extra-EU28 trade balance was a €2.9 bn surplus, compared with +€8.6 bn in June 2013. In May 20142 the balance was +€0.5 bn, compared with +€15.0 bn in May 2013. In June 2014 compared with May 2014, seasonally adjusted exports fell by 0.3 percent and imports by 0.1 percent.

From January to May 20144, the EU 28 deficit for energy decreased as did the surplus for machinery and vehicles. The highest increases in EU 28 exports were registered with China (+10 percent in January-May 2014 compared with January-May 2013) and South Korea (+8 percent), and for EU 28 imports with South Korea (+10 percent), Switzerland and Turkey (both +6 percent). The most notable decreases were recorded for exports to Switzerland (-22 percent), Russia (-12 percent) and India (-11 percent), and for imports from Russia (-8 percent), Brazil (-7 percent) and Japan (-6 percent).

The EU 28 trade surplus increased with the USA (+€41.8 bn in January-May 2014 compared with +€37.8 bn in January-May 2013), but decreased with Switzerland (+€19.2 bn compared with +€38.0 bn) and Turkey (+€8.3 bn compared with +€12.0 bn). The EU 28 trade deficit fell with China (-€50.9 bn compared with -€53.0 bn) and Russia (-€38.6 bn compared with -€39.6 bn) and remained stable with Norway (-€16.9 bn).

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
8/18/2014 1:03:49 PM


Recent Releases

Euro Area Trade Surplus Widens for Second Straight Month
The first estimate for the euro area trade in goods balance with the rest of the world in May of 2014 gave a €15.4 billion surplus, compared with a €14.6 billion surplus a year earlier as exports rose marginally and imports fell slightly. Published on 2014-07-16

Euro Area Trade Surplus Widens in April
The first estimate for the euro area trade in goods balance with the rest of the world in April 2014 gave a 15.7 billion euro surplus, compared with +14.0 billion in April 2013 as imports decreased less than exports. Published on 2014-06-13


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-16 10:00 AM Euro Area
Balance of Trade
Mar 2014 € 17.1B € 14.2B (R) € 17B € 11.1B
2014-06-13 10:00 AM Euro Area
Balance of Trade
Apr 2014 € 15.7B €16.7B (R) € 10.9B
2014-07-16 10:00 AM Euro Area
Balance of Trade
May 2014 € 15.4B € 15.4B (R) € 16.3B € 14.2B
2014-08-18 10:00 AM Euro Area
Balance of Trade
Jun 2014 € 16.8B € 15.4B € 15.4B € 16.6B
2014-09-15 10:00 AM Euro Area
Balance of Trade
Jul 2014 € 16.8B € 17.8B


Trade Last Previous Highest Lowest Unit
Balance of Trade 16808.50 15400.00 21780.80 -16638.00 EUR Million [+]
Exports 162197.20 160000.00 172911.70 53086.80 EUR Million [+]
Imports 145388.70 144600.00 161018.00 55641.60 EUR Million [+]
Current Account 20.78 9.30 32.91 -26.95 EUR Billion [+]
Current Account to GDP 2.40 1.40 2.40 -1.50 Percent [+]
External Debt 11825983.00 11625571.00 12096481.11 5501622.07 EUR Million [+]
Capital Flows -34.52 -9.17 38.51 -38.59 EUR Billion [+]
Gold Reserves 503.19 502.07 766.88 501.45 Tonnes [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1683.00 Jun/14 -2043.00 2225.00 -3907.00 AUD Million [+]
Brazil 1573.96 Jul/14 2364.45 5659.37 -4058.14 USD Million [+]
Canada 1859.60 Jun/14 576.00 8524.80 -2902.90 CAD Million [+]
China 473.01 Jul/14 315.65 473.00 -319.71 USD Hundred Million [+]
Euro Area 16808.50 Jun/14 15400.00 21780.80 -16638.00 EUR Million [+]
France -5380.00 Jun/14 -5129.00 2674.00 -7004.00 EUR Million [+]
Germany 16405.95 Jun/14 18172.20 21410.60 -535.91 EUR Million [+]
India -12228.60 Jul/14 -11763.20 258.90 -20210.90 USD Million [+]
Indonesia -305.10 Jun/14 69.90 4641.92 -2329.13 USD Million [+]
Italy 3675.63 May/14 3517.00 6382.91 -6389.31 EUR Million [+]
Japan -963.99 Jul/14 -823.20 1608.67 -2795.04 JPY Billion [+]
Mexico -979.88 Jul/14 423.73 1710.25 -3292.30 USD Million [+]
Netherlands 4773.00 Jun/14 3337.10 4948.70 -907.60 EUR Million [+]
Russia 13957.00 Jun/14 18280.00 20356.00 -185.00 USD Million [+]
South Korea 2398.95 Jul/14 5453.83 6794.27 -4043.45 USD Million [+]
Spain -1477012.00 Jun/14 -1756166.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3983.49 Jul/14 1412.00 3983.49 -1478.68 CHF million [+]
Turkey -6460.00 Jul/14 -7853.06 24.51 -10453.06 USD Million [+]
United Kingdom -2459.00 Jun/14 -2364.00 2946.00 -5269.00 GBP Million [+]
United States -41538.00 Jun/14 -44392.00 1946.00 -67823.00 USD Million [+]





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