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

Euro Area recorded a trade surplus of 24000 EUR Million in October of 2014. Balance of Trade in the Euro Area averaged 2893.28 EUR Million from 1999 until 2014, reaching an all time high of 24000 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.

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Euro Area Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
24000.00 18100.00 24000.00 -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 Thursday, December 18, 2014.


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.

Exports increased 4 percent year-on-year to € 179 billion and imports were flat at € 155.6 billion. From September to October, seasonally adjusted exports fell by 0.3 percent and imports by 1.3 percent.

The EU 28 recorded a € 7.6 billion surplus, compared with a € 4.1 billion surplus a year earlier. 

Considering the first nine months of 2014, the EU28 deficit for energy decreased (€ -258.6 billion in January-September 2014 compared with € -284.4 billion in January-September 2013), as did the surplus for machinery and vehicles (€ 189.5 billion compared with € 203.4 billion).

The highest increases in EU28 exports were registered with China (+11 percent in January-September 2014 compared with January-September 2013), South Korea (+10 percent) and the United States (+6 percent), and for EU28 imports with South Korea (+10 percent), China and Turkey (both +7 percent). The most notable decreases were recorded for exports to Switzerland (-21 percent), Russia (-12 percent), Turkey and Brazil (both -7 percent), and for imports from Russia (-9 percent), Norway (-8 percent) and Brazil (-5 percent).

Concerning the total trade of Member States, the largest surplus was observed in Germany (€ 161.1 billion), followed by the Netherlands (€ 44.7 billion), Italy (€ 28.2 billion), Ireland (€ 26.6 billion) and the Czech Republic (€ 12.5 billion). The United Kingdom (€ -102.4 billion) registered the largest deficit, followed by France (€ -55.5 billion), Spain (€ -19.4 billion) and Greece (€ 15.7 billion). 

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
12/16/2014 2:46:51 PM


Recent Releases

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

Eurozone Trade Surplus Widens in August
The first estimate for the euro area trade in goods balance with the rest of the world in August 2014 gave a €9.2 billion surplus, compared with +€7.3 billion in August 2013. Yet, compared with the previous month, the trade surplus narrowed 57 percent. Published on 2014-10-16


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-10-16 10:00 AM
Balance of Trade  Aug
€ 9.2B € 21.6B (R) € 9.0B € 11.3B
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
19692.99
2015-02-13 10:00 AM
Balance of Trade  Dec
18500.8
2015-03-18 10:00 AM
Balance of Trade  Jan
14346.69


Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 24000.00 18100.00 24000.00 -16638.00 EUR Million [+]
Exports 179600.00 171800.00 179600.00 53086.80 EUR Million [+]
Imports 155600.00 153800.00 161018.00 55641.60 EUR Million [+]
Current Account 31.00 17.40 32.91 -26.95 EUR Billion [+]
Current Account to GDP 2.40 1.40 2.40 -1.50 percent [+]
External Debt 11664698.00 11825983.00 12096481.11 5501622.07 EUR Million [+]
Capital Flows 27.86 11.48 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 -1323.00 Oct/14 -2235.00 2226.00 -3892.00 AUD Million [+]
Brazil -2350.52 Nov/14 -1177.00 5659.37 -4058.14 USD Million [+]
Canada 100.00 Oct/14 310.00 8524.80 -2902.90 CAD Million [+]
China 544.74 Nov/14 454.05 544.74 -319.71 USD Hundred Million [+]
Euro Area 24000.00 Oct/14 18100.00 24000.00 -16638.00 EUR Million [+]
France -4608.00 Oct/14 -4715.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Oct/14 22100.00 23400.00 -535.91 EUR Million [+]
India -16860.00 Nov/14 -13350.00 258.90 -20210.90 USD Million [+]
Indonesia 20.00 Oct/14 -270.30 4641.92 -2329.13 USD Million [+]
Italy 5397.00 Oct/14 2020.00 6923.00 -6389.30 EUR Million [+]
Japan -891.85 Nov/14 -709.99 1608.67 -2795.04 JPY Billion [+]
Mexico 143.00 Oct/14 590.00 1710.25 -3292.30 USD Million [+]
Netherlands 5195.00 Oct/14 4707.00 5195.00 -907.60 EUR Million [+]
Russia 13595.00 Oct/14 12953.00 20356.00 -185.00 USD Million [+]
South Korea 5606.00 Nov/14 7380.00 7380.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3255.00 Oct/14 2489.00 3901.00 -1478.68 CHF million [+]
Turkey -6251.72 Oct/14 -6925.00 24.51 -10453.06 USD Million [+]
United Kingdom -2024.00 Oct/14 -2822.00 2946.00 -5397.00 GBP Million [+]
United States -43400.00 Oct/14 -43600.00 1946.00 -67823.00 USD Million [+]