Euro Area Balance of Trade

Euro Area recorded a trade surplus of 15350.10 EUR Million in May of 2014. Balance of Trade in the Euro Area averaged 2395.62 EUR Million from 1999 until 2014, reaching an all time high of 21855.40 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.

   
 
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Euro Area Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
15350.10 15400.00 21855.40 -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.


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.

Year-on-year, exports rose a meager 0.23 percent to €159.7 billion in May while imports fell 0.22 percent to €14.4 billion. 

The April 2014 trade balance was also +€15.4 billion, compared with +€14.2 billion in April of 2013. In May of 2014 compared with April, seasonally adjusted exports rose by 0.6 percent and imports by 0.5 percent. 

From January to April, the EU 28 deficit for energy decreased (-€115.2 bn in January-April 2014 compared with -€127.5 bn in January-April 2013), as did the surplus for machinery and vehicles (+€79.7 bn compared with +€89.1 bn).

The highest increases in EU28 exports were registered with China (+9 percent in January-April 2014 compared with January-April 2013) and South Korea (+5 percent), and for EU28 imports with South Korea (+9 percent), Switzerland and Turkey (both +6 percent). The most notable decreases were recorded for exports to Switzerland (-15 percent), Russia and India (both -11 percent), and for imports from Russia (-9 percent) and Brazil (-8 percent).

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
7/16/2014 10:26:40 AM


Recent Releases

Euro Area Trade Surplus Widens in April
The first estimate for the euro area trade in goods balance with the rest of the world in April 2014 gave a 15.7 billion euro surplus, compared with +14.0 billion in April 2013 as imports decreased less than exports. Published on 2014-06-13

Euro Area Trade Surplus Narrows in March
The first estimate for the Euro Area trade balance gave a € 17.1 billion surplus in March of 2014 down from a € 21.9 billion surplus a year earlier, mainly due to a fall in exports. Published on 2014-05-16


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-15 10:00 AM Euro Area
Balance of Trade
Feb 2014 € 13.6B € 0.8B (R) € 8.5B € 7.5B
2014-05-16 10:00 AM Euro Area
Balance of Trade
Mar 2014 € 17.1B € 14.2B (R) € 17B € 11.1B
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 € 15.4B € 16.6B


Trade Last Previous Highest Lowest Unit
Balance of Trade 15350.10 15400.00 21855.40 -16638.00 EUR Million [+]
Exports 159715.30 159400.00 172852.40 53086.80 EUR Million [+]
Imports 144365.20 143900.00 161018.00 55641.60 EUR Million [+]
Current Account 8.89 18.80 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 -7.50 -17.94 38.51 -38.59 EUR Billion [+]
Gold Reserves 503.19 502.07 766.88 501.45 Tonnes [+]





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