Euro Area Balance of Trade

Euro Area recorded a trade surplus of 22900 EUR Million in March of 2013. Balance of Trade In the Euro Area is reported by the Eurostat. Historically, from 1999 until 2013, Euro Area Balance of Trade averaged 1532.26 EUR Million reaching an all time high of 22900 EUR Million in March of 2013 and a record low of -16115.40 EUR Million in January of 2011. 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 includes a chart with historical data for Euro Area Balance of Trade.

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Euro Area Balance of Trade
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Euro Area Trade Surplus Widens in March
Eurostat | Nuno Fontes | nuno@tradingeconomics.com  |  5/16/2013 10:12:35 AM


The Euro Area trade in goods balance with the rest of the world in March 2013 gave a € 22.9 billion surplus, compared with +6.9 bn in March 2012. The February 2013 balance was +10.1 bn, compared with +1.2 bn in February 2012. In March 2013 compared with February 2013, seasonally adjusted exports rose by 2.8 percent while imports fell by 1.0 percent.

The March 2013 extra-EU27 trade balance was a € 15.8 bn surplus, compared with -8.2 bn in March 2012. In February 2013 the balance was +1.7 bn, compared with -13.0 bn in February 2012. In March 2013 compared with February 2013, seasonally adjusted exports rose by 3.4 percent while imports fell by 1.1 percent. 
 
The EU27 deficit for energy decreased (€-66.2 bn in January-February 2013 compared with -71.7 bn in January-February 2012), while the surplus for manufactured goods increased (+49.9 bn compared with +41.1 bn). EU27 imports from most of its major partners fell in January-February 2013 compared with January-February 2012, except for Turkey (+6 percent) and Russia (+2 percent). 
 
The most notable decreases were recorded for imports from Norway and Japan (both -14 percent) and Brazil (-12 percent). As regards EU27 exports, the pattern was mixed. The largest increases were recorded for exports to Switzerland and Turkey (both +11 percent), and the largest fall with India (-10 percent). The EU27 trade surplus increased with the USA (+13.5 bn euro in January-February 2013 compared with +12.1 bn in January-February 2012), Switzerland (+10.9 bn compared with +7.9 bn) and Turkey (+4.0 bn compared with +3.2 bn). 
 
The EU27 trade deficit declined with China (-25.6 bn compared with -26.6 bn) and Norway (-7.4 bn compared with -10.7 bn), and remained nearly stable with Russia (-17.8 bn compared with -18.2 bn). Concerning the total trade of Member States, the largest surplus was observed in Germany (+30.4 bn euro in January-February 2013), followed by the Netherlands (+9.3 bn) and Ireland (+5.1 bn). The United Kingdom (-17.9 bn) registered the largest deficit, followed by France (-15.3 bn), Spain (-3.8 bn) and Greece (-3.7 bn). 
 

ARCHIVE
Euro Area Posts Trade Surplus in February The first estimate for the Euro Area trade in goods balance with the rest of the world in February 2013 gave a 10.4 billion euro surplus, compared with +1.3 bn in February 2012. The January 2013 balance was -4.7 bn, compared with -9.2 bn in January 2012. In February 2013 compared with January 2013, seasonally adjusted exports rose by 0.1 percent while imports fell by 2.1 percent. 2013-04-15
Euro Area Trade Surplus Widens in September The first estimate for the euro area trade in goods balance with the rest of the world in September 2012 gave a 9.8 bn euro surplus, compared with +1.7 bn in September 2011. 2012-11-16
Euro Area Trade Deficit Narrows Year-on-Year in January The first estimate for the Euro Area trade in goods balance with the rest of the world in January 2013 gave a 3.9 billion euro deficit, compared with -9.1 bn in January 2012. The December 2012 balance was +10.8 bn, compared with +8.0 bn in December 2011. In January 2013 compared with December 2012, seasonally adjusted exports rose by 2.0 percent and imports by 3.1 percent. 2013-03-18
Euro Area Trade Surplus Narrows in August The first estimate for the Euro Area trade in goods balance with the rest of the world in August 2012 gave a 6.6 bn euro surplus, compared with -5.7 bn in August 2011. 2012-10-16
Euro Area Trade Surplus Widens in December The first estimate for the euro area trade in goods balance with the rest of the world in December 2012 gave a 11.7 bn euro surplus, compared with +8.0 bn in December 2011. The November 2012 balance was +13.0 bn, compared with +4.9 bn in November 2011. During 2012, euro area trade in goods recorded a surplus of 81.8 bn euro, compared with -15.7 bn in 2011. The EU27 recorded a deficit of 104.6 bn in 2012, compared with -162.7 bn in 2011. 2013-02-15
Euro Area Trade Surplus Widens in July The first estimate for the Euro Area trade in goods balance with the rest of the world in July 2012 gave a 15.6 bn euro surplus, compared with +2.1 bn in July 2011. 2012-09-17
Euro Area Trade Surplus Widens in November The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in November 2012 gave a €13.7 bn surplus, compared with +4.9 bn euro in November 2011 according to data released by Eurostat, the statistical office of the European Union. 2013-01-15
Euro Area Trade Surplus Widens in July The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in June 2012 gave a 14.9 bn euro surplus, compared with +0.2 bn in June 2011. 2012-08-17
Euro Area Trade Surplus Widens in October Euro area international trade in goods surplus of €10.2 billion from €9.5 billion in September according to a release by the Eurostat 2012-12-17



Balance of Trade | Notes

The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.






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