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

Euro Area recorded a trade surplus of 19954 EUR Million in November of 2014. Balance of Trade in the Euro Area averaged 2893.89 EUR Million from 1999 until 2014, reaching an all time high of 23646 EUR Million in October 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.

      Forecast    
Euro Area Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
19954.00 23646.00 23646.00 -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 Tuesday, January 27, 2015.


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.

Year-on-year, exports increased 1 percent to € 162.6 billion helped by a falling euro and imports fell 2 percent to € 155.6 billion due to lower oil prices. 

From October to November, exports increased by 0.2 percent while imports remained stable.

The EU 28 recorded a € 10.1 billion surplus, compared with a € 2.5 billion surplus a year earlier.

Considering the first eleven months of 2014, the EU28 deficit for energy decreased (-€286.7 bn in January-October 2014 compared with -€318.3 bn in January October 2013), as did the surplus for machinery and vehicles (+€213.4 bn compared with +€228.2 bn).

The highest increases in EU28 exports were registered with China (+11% in January-October 2014 compared with January-October 2013), South Korea (+10 percent) and the United States (+6 percent), and for EU28 imports with South Korea (+9 percent), China (+8 percent) and Turkey (+7 percent). The most notable decreases were recorded for exports to Switzerland (-20 percent), Russia (-12 percent) and Brazil (-8 percent), and for imports from Russia (-9 percent), Norway (-7 percent) and Brazil (-5 percent).

The EU28 trade surplus increased with the USA (+€86.5 bn in January-October 2014 compared with +€78.1 bn in January-October 2013), but decreased with Switzerland (+€34.0 bn compared with +€66.1 bn) and Turkey (+€16.5 bn compared with +€23.2 bn). The EU28 trade deficit fell with Russia (-€68.6 bn compared with -€72.5 bn) and Norway (-€28.1 bn compared with-€33.4 bn), while it increased with China (-€114.7 bn compared with -€110.6 bn).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+€183.6 bn in January-October 2014), followed by the Netherlands (+€50.6 bn), Italy (+€33.6 bn), Ireland (+€29.2 bn) and the Czech Republic (+€14.1 bn). The United Kingdom (-€114.5 bn) registered the largest deficit, followed by France (-€60.5 bn), Spain (-€21.5 bn) and Greece (-€17.4 bn).

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
1/15/2015 1:53:24 PM


Recent Releases

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

Euro Area Trade Surplus Widens in September
The Eurozone trade surplus increased 71.3 percent year-on-year to € 18.5 billion in September of 2014, driven by a surge in exports. Published on 2014-11-17


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-11-17 10:00 AM
Balance of Trade  Sep
€ 18.5B € 8.6B (R) € 10B
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
2015-02-13 10:00 AM
Balance of Trade  Dec
€ 20B € 18.1B
2015-03-18 10:00 AM
Balance of Trade  Jan
€ 13.9B
2015-04-15 10:00 AM
Balance of Trade  Feb
€ 18.8B


Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 19954.00 23646.00 23646.00 -16638.00 EUR Million [+]
Exports 162562.30 179730.00 179730.00 53086.80 EUR Million [+]
Imports 142608.40 156083.00 161018.00 55641.60 EUR Million [+]
Current Account 24.65 29.70 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 78.87 35.02 78.87 -38.59 EUR Billion [+]
Gold Reserves 503.19 503.19 766.88 501.45 Tonnes [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -925.00 Nov/14 -877.00 2219.00 -3897.00 AUD Million [+]
Brazil 293.00 Dec/14 -2350.52 5659.37 -4058.14 USD Million [+]
Canada -644.30 Nov/14 -327.00 8524.80 -2902.90 CAD Million [+]
China 496.13 Dec/14 544.76 544.76 -319.71 USD Hundred Million [+]
Euro Area 19954.00 Nov/14 23646.00 23646.00 -16638.00 EUR Million [+]
France -3236.00 Nov/14 -4270.00 2674.00 -7086.00 EUR Million [+]
Germany 17883.46 Nov/14 22100.00 23400.00 -535.91 EUR Million [+]
India -9430.00 Dec/14 -16861.10 258.90 -20210.90 USD Million [+]
Indonesia -425.70 Nov/14 20.00 4641.92 -2329.13 USD Million [+]
Italy 3541.23 Nov/14 5396.00 6923.00 -6389.30 EUR Million [+]
Japan -660.70 Dec/14 -893.52 1608.67 -2795.04 JPY Billion [+]
Mexico -1076.36 Nov/14 143.00 1710.25 -3292.30 USD Million [+]
Netherlands 4531.00 Nov/14 4849.00 4948.70 -907.60 EUR Million [+]
Russia 13359.00 Nov/14 14222.00 20356.00 -185.00 USD Million [+]
South Korea 5780.00 Dec/14 5510.00 7380.00 -4043.45 USD Million [+]
Spain -1555245.00 Nov/14 -2240060.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.33 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -8316.49 Nov/14 -6273.41 24.51 -10453.06 USD Million [+]
United Kingdom -1406.00 Nov/14 -2246.00 2946.00 -5397.00 GBP Million [+]
United States -39001.00 Nov/14 -42249.00 1946.00 -67823.00 USD Million [+]