Euro Area Balance of Trade  1999-2016 | Data | Chart | Calendar | Forecast

The Eurozone trade surplus increased 34.4 percent year-on-year to €24.6 billion in May of 2016 compared to €18.3 billion surplus a year earlier, beating market expectations of €23 billion. Imports fell 2 percent while exports rose 2 percent. Considering the first five months of the year, the trade surplus increased to €105.3 billion, compared to €85.9 billion in the same period of 2015. Balance of Trade in the Euro Area averaged 4128.25 EUR Million from 1999 until 2016, reaching an all time high of 31102.50 EUR Million in July of 2015 and a record low of -16509.80 EUR Million in January of 2011. Balance of Trade in the Euro Area is reported by the Eurostat.

Euro Area Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
24559.40 27456.00 31102.50 -16509.80 1999 - 2016 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 the latest reported value for - Euro Area Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Balance of Trade - actual data, historical chart and calendar of releases - was last updated on July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-17 09:00 AM Mar €28.6B €19.3B €22.5B €21.7B
2016-06-15 09:00 AM Apr €27.5B €29.4B €26B €21.5B
2016-07-15 09:00 AM May €24.6B €27.5B €23B €18.9B
2016-08-16 09:00 AM Jun €24.6B €21.1B
2016-09-15 09:00 AM Jul €23.8B
2016-10-14 09:00 AM Aug €22.4B

Euro Area Trade Surplus Widens 34.4% YoY in May


The Eurozone trade surplus increased 34.4 percent year-on-year to €24.6 billion in May of 2016 compared to €18.3 billion surplus a year earlier, beating market expectations of €23 billion. Imports fell 2 percent while exports rose 2 percent. Considering the first five months of the year, the trade surplus increased to €105.3 billion, compared to €85.9 billion in the same period of 2015.

Total exports rose 2.0 percent year-on-year to €167.4 billion, following a 0.9 percent drop in April. Imports fell 2.0 percent to €142.8 billion, after decreasing by 5.3 percent in the previous month. Considering the first five months of the year, sales from the Eurozone were unchanged at €826.6 billion and imports slumped 3 percent to €721.3 billion, bringing the trade surplus up to €105.3 billion from €85.9 billion a year earlier.

Considering the European Union, exports declined 2.0 percent to €142.7 billion and imports fell 3.0 percent to €136.3 billion. As a result, the EU28 recorded a €6.4 billion surplus compared with €5.8 billion a year earlier. Intra-EU28 trade rose 1.0 percent to €252 billion. 

In the first five months of the year, exports from the European Union stood at €699 billion, down 4 percent and imports were at €689.5 billion, also down 4 percent. As a result, the EU28 trade surplus narrowed to €9.5 billion, compared with €10.5 billion a year earlier. 

Sales of energy recorded the biggest drop (-27 percent), followed by other goods (-23 percent), raw materials (-7 percent), machinery and vehicles (-2 percent) and chemicals (-2 percent) while shipments of food went up 1 percent. Among trading partners, the highest declines were reported for South Korea (-11 percent), Switzerland (-8 percent), India (-5 percent), Russia (-5 percent), China (-3 percent) and Turkey (-3 percent).

Imports of primary goods slumped 25 percent, namely energy (-33 percent) while purchases of manufactured goods (+1 percent) and other goods (+67 percent) rose. Imports from Norway declined 23 percent and from Russia went down 22 percent. In contrast, those from Switzerland (+19 percent), Turkey (+11 percent), Japan (+11 percent) and South Korea (+3 percent) went up.

Eurostat | Yekaterina Guchshina | yekaterina@tradingeconomics.com
7/15/2016 10:32:23 AM

Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 24559.40 27456.00 31102.50 -16509.80 EUR Million [+]
Exports 167372.70 172372.80 185422.20 53045.90 EUR Million [+]
Imports 142813.30 144916.90 162933.20 55698.40 EUR Million [+]
Current Account 15.39 36.09 42.22 -26.35 EUR Billion [+]
Current Account to GDP 3.70 1.90 2.10 -1.60 percent [+]
External Debt 13287091.62 12498814.86 13287091.62 5501622.07 EUR Million [+]
Capital Flows 44.08 43.12 125.01 -104.40 EUR Billion [+]
Gold Reserves 504.77 504.77 766.88 501.45 Tonnes [+]




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Afghanistan -7159.00 Dec/15
Albania -28379.00 Jun/16
Algeria -1308.00 Dec/15
Angola 3002.24 Dec/15
Argentina 126.00 Jun/16
Armenia -100.70 Jun/16
Aruba -520.80 Dec/15
Australia -2218.00 May/16
Austria 239.00 Apr/16
Azerbaijan 621706.00 Mar/16
Bahamas -514.90 Dec/15
Bahrain 1513.00 Dec/15
Bangladesh -66.65 Apr/16
Barbados -254822.00 Dec/15
Belarus -235.00 May/16
Belgium 2040.60 May/16
Belize -131.30 Apr/16
Benin -164.32 Mar/16
Bhutan -26021.60 Dec/15
Bolivia -109.57 Feb/16
Bosnia and Herzegovina -655560.43 Jun/16
Botswana 3307.90 Apr/16
Brazil 3973.00 Jun/16
Brunei 190.90 May/16
Bulgaria -312.60 May/16
Burkina Faso -49.00 Sep/14
Burundi -76937.10 Mar/16
Cambodia -109.60 Feb/16
Cameroon -1054.40 Dec/13
Canada -3276.80 May/16
Cape Verde -4397.50 May/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile -33.00 Jun/16
China 481.08 Jun/16
Colombia -0.90 May/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -511.70 Jun/16
Croatia -4146.70 May/16
Cuba -9578.00 Dec/15
Cyprus -876144.00 May/16
Czech Republic 41538.00 May/16
Denmark 5481.90 May/16
Djibouti -119840.00 Dec/14
Dominican Republic -688.50 Dec/15
East Timor -38853.09 May/16
Ecuador 305020.00 May/16
Egypt -2866.00 May/16
El Salvador -411.97 Jun/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -158.60 May/16
Ethiopia -3557.70 Dec/15
Euro Area 24559.40 May/16
European Union 6351.70 May/16
Fiji -262673.00 Dec/15
Finland -100.00 May/16
France -2840.00 May/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -1297.15 Jun/16
Germany 21033.00 May/16
Ghana -773.70 Mar/16
Greece -1508.70 May/16
Guatemala -499.04 Apr/16
Guinea -103.83 Jun/13
Guinea Bissau -23.80 Dec/14
Guyana -77.30 Sep/15
Haiti -179.27 Sep/15
Honduras -372.50 Mar/16
Hong Kong -45595.00 Jun/16
Hungary 238000.00 May/16
Iceland -12300.00 Jun/16
India -8116.20 Jun/16
Indonesia 900.20 Jun/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 3961700.00 May/16
Israel -1459.60 Jun/16
Italy 5033.00 May/16
Ivory Coast 890.60 Dec/14
Jamaica -761100.00 Dec/15
Japan 692.84 Jun/16
Jordan -762247.00 Apr/16
Kazakhstan 681.90 May/16
Kenya -66307.00 May/16
Kosovo -216894.00 Jun/16
Kuwait 402.00 Mar/16
Kyrgyzstan -216.90 Mar/16
Laos -488.34 Sep/15
Latvia -160.50 May/16
Lebanon -1392.84 May/16
Lesotho -3543.23 Mar/16
Liberia -79.80 Apr/16
Libya -17675.60 Dec/14
Liechtenstein 371580.00 Mar/16
Lithuania -272.50 May/16
Luxembourg -0.39 May/16
Macau -4888852.71 Jun/16
Macedonia -209476.00 May/16
Madagascar 101517.00 Mar/16
Malawi -31524.80 Sep/15
Malaysia 3300.00 May/16
Maldives -165.70 Apr/16
Mali -100.60 Mar/15
Malta -256269.00 May/16
Mauritania -24.89 Dec/15
Mauritius -6912.00 May/16
Mexico -523.64 Jun/16
Moldova -175.00 May/16
Monaco 7.80 Mar/16
Mongolia 118.00 May/16
Montenegro -167262.00 Jun/16
Morocco -16665.00 Jun/16
Mozambique -1754.40 Dec/15
Myanmar -639.40 Dec/15
Namibia -6141.52 Mar/16
Nepal -58541.90 Dec/15
Netherlands 4339.00 May/16
New Caledonia -11870.00 Mar/16
New Zealand 127.00 Jun/16
Nicaragua -195.00 Apr/16
Niger -441985.00 Sep/15
Nigeria -171309.90 Mar/16
North Korea -476.67 Dec/15
Norway 6971.00 Jun/16
Oman -45.20 Dec/15
Pakistan -294469.00 Jun/16
Palestine -326.70 Mar/16
Panama -971892.17 May/16
Papua New Guinea 3957.00 Dec/15
Paraguay 54678.00 May/16
Peru 65.00 May/16
Philippines -2021440.00 May/16
Poland 127.00 May/16
Portugal -937.00 May/16
Puerto Rico 2091.50 Apr/16
Qatar 8329.00 Jun/16
Republic of the Congo 4092.35 Dec/10
Romania -979.70 May/16
Russia 7530.00 May/16
Rwanda -142.60 May/16
Sao Tome and Principe -24.59 Mar/16
Saudi Arabia 22467.00 Dec/15
Senegal -107.41 May/16
Serbia -464.50 Jun/16
Seychelles -49.80 May/16
Sierra Leone -33.70 Dec/15
Singapore 5194.70 Jun/16
Slovakia 427.30 May/16
Slovenia 73.02 May/16
Somalia -1473.48 Dec/15
South Africa 12530.50 Jun/16
South Korea 11497.44 Jun/16
South Sudan -3492.00 Dec/14
Spain -940900.00 May/16
Sri Lanka -620.70 Mar/16
Sudan -489010.00 Mar/16
Suriname -23.00 Mar/16
Swaziland 1217.38 Dec/15
Sweden 1800.00 Jun/16
Switzerland 3546.46 Jun/16
Syria 9394.50 Dec/10
Taiwan 3580.00 Jun/16
Tajikistan -235.60 May/16
Tanzania -223.30 Apr/16
Thailand 1970.00 Jun/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -898.60 Jun/16
Turkey -6559.00 Jun/16
Turkmenistan 2431.94 Dec/14
Uganda -161.60 May/16
Ukraine 186.70 May/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -2263.00 May/16
United States -41144.00 May/16
Uruguay 285352.00 Jun/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -100.00 Jul/16
Yemen -2914.30 Dec/13
Zambia -751.30 Apr/16
Zimbabwe -322.86 Mar/16