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

Euro Area recorded a trade surplus of 21200 EUR Million in July of 2014. Balance of Trade in the Euro Area averaged 2521.57 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.

   
 
 

Euro Area Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
21200.00 16700.00 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 Tuesday, September 30, 2014.


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 of 2014 gave a €21.2 billion surplus, compared with +€18.0 billion a year earlier. Exports rose 3 percent while imports increased at a slower 1 percent.

In July, exports amounted to € 141.7 billion while imports were recorded at € 138.8 billion.

The June 2014 balance was +€16.7 billion, compared with +€15.7 billion in June 2013. In July 2014 compared with June 2014, seasonally adjusted exports fell by 0.2 percent while imports rose by 0.9 percent.

The first estimate for the July 2014 extra-EU28 trade balance was a €1.7 billion surplus, compared with +€10.8 billion in July 2013. In June 2014 the balance was +€2.8 billion, compared with +€8.6 billion in June 2013. In July 2014 compared with June 2014, seasonally adjusted exports fell by 0.3 percent while imports rose by 2.3 percent.

The highest increases in EU 28 exports were registered with China (+10 percent in January-June 2014 compared with January-June 2013) and South Korea (+8 percent), and for EU 28 imports with South Korea (+11 percent), Turkey (+7 percent), China and Switzerland (both +5 percent). The most notable decreases were recorded for exports to Switzerland (-22 percent), Russia (-13 percent) and India (-11 percent), and for imports from Russia and Japan (both -6 percent), Norway and Brazil (both -5 percent).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+€100.7 billion in January-June 2014), followed by the Netherlands (+€31.1 billion), Ireland (+€17.6 billion) and Italy (+€17.3 billion). The United Kingdom (-€60.2 billion) registered the largest deficit, followed by France (-€36.9 billion), Spain (-€11.9 billion) and Greece (-€10.6 billion)

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
9/15/2014 10:16:32 AM


Recent Releases

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. Published on 2014-08-18

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


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 € 21.2B € 16.7B (R) € 19.5B € 17.8B
2014-10-16 10:00 AM Euro Area
Balance of Trade
Aug 2014 € 21.2B € 11.3B


Trade Last Previous Highest Lowest Unit
Balance of Trade 21200.00 16700.00 21780.80 -16638.00 EUR Million [+]
Exports 172400.00 162197.20 172911.70 53086.80 EUR Million [+]
Imports 151200.00 145388.70 161018.00 55641.60 EUR Million [+]
Current Account 32.30 24.80 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 -37.39 -26.96 38.51 -38.59 EUR Billion [+]
Gold Reserves 503.19 503.19 766.88 501.45 Tonnes [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1359.00 Jul/14 -1564.00 2225.00 -3907.00 AUD Million [+]
Brazil 1168.00 Aug/14 1573.96 5659.37 -4058.14 USD Million [+]
Canada 2580.00 Jul/14 1830.00 8524.80 -2902.90 CAD Million [+]
China 498.30 Aug/14 473.01 498.30 -319.71 USD Hundred Million [+]
Euro Area 21200.00 Jul/14 16700.00 21780.80 -16638.00 EUR Million [+]
France -5539.00 Jul/14 -5576.00 2674.00 -7086.00 EUR Million [+]
Germany 23400.00 Jul/14 16600.00 23400.00 -535.91 EUR Million [+]
India -10838.56 Aug/14 -12228.60 258.90 -20210.90 USD Million [+]
Indonesia 130.00 Jul/14 -288.00 4641.92 -2329.13 USD Million [+]
Italy 6857.00 Jul/14 3236.30 6857.00 -6389.30 EUR Million [+]
Japan -948.50 Aug/14 -962.13 1608.67 -2795.04 JPY Billion [+]
Mexico -1123.00 Aug/14 -979.88 1710.25 -3292.30 USD Million [+]
Netherlands 2724.00 Jul/14 4455.40 4948.70 -907.60 EUR Million [+]
Russia 17068.00 Jul/14 13957.00 20356.00 -185.00 USD Million [+]
South Korea 3400.00 Aug/14 2398.95 6794.27 -4043.45 USD Million [+]
Spain -1826700.00 Jul/14 -1477012.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 1386.00 Aug/14 3901.00 3983.49 -1478.68 CHF million [+]
Turkey -8040.00 Aug/14 -6460.00 24.51 -10453.06 USD Million [+]
United Kingdom -3348.00 Jul/14 -2459.00 2946.00 -5269.00 GBP Million [+]
United States -40546.00 Jul/14 -40810.00 1946.00 -67823.00 USD Million [+]





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