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

Euro Area recorded a trade surplus of 18486.50 EUR Million in September of 2014. Balance of Trade in the Euro Area averaged 2525.70 EUR Million from 1999 until 2014, reaching an all time high of 21553 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
18486.50 8632.50 21553.00 -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 Friday, November 28, 2014.


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.

Exports increased 8.5 percent year-on-year to € 171.9 billion and imports grew 4 percent to € 153.4 billion. In September compared with August, seasonally adjusted exports rose by 5.8 percent and imports by 3.2 percent.

The first estimate for the September 2014 extra-EU 28 trade balance was a €2.6 bn surplus, compared with -€0.7 bn in September 2013. 

From January to August, the highest increases in EU28 exports were registered with China (+10 percent in January-August 2014 compared with January-August 2013), South Korea (+8 percent) and the United States (+4 percent), and for EU 28 imports with South Korea (+9 percent), Turkey (+6 percent), China and Switzerland (both +5 percent). The most notable decreases were recorded for exports to Switzerland (-23 percent), Russia (-12 percent) and India (-9 percent), and for imports from Russia and Norway (both -8 percent) and Brazil (-5 percent).

The EU28 trade surplus increased with the USA (+€65.1 bn in January-August 2014 compared with +€60.8 bn in January-August 2013), but decreased with Switzerland (+€26.0 bn compared with +€56.0 bn) and Turkey (+€12.6 bn compared with +€18.9 bn). The EU28 trade deficit fell with Norway (-€23.7 bn compared with -€28.0 bn), and remained nearly stable with China (-€85.4 bn compared with -€85.3 bn) and Russia (-€58.0 bn compared with -€59.0 bn).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+€138.8 bn in January-August 2014), followed by the Netherlands (+€38.5 bn), Italy (+€26.2 bn), Ireland (+€23.2 bn) and the Czech Republic (+€10.8 bn). The United Kingdom (-€89.8 bn) registered the largest deficit, followed by France (-€49.3 bn), Spain (-€16.6 bn) and Greece (-€13.6 bn).

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
11/17/2014 10:35:28 AM


Recent Releases

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

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. Published on 2014-09-15


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-15 10:00 AM
Balance of Trade  Jul 2014
€ 21.2B € 16.7B (R) € 19.5B € 17.8B
2014-10-16 10:00 AM
Balance of Trade  Aug 2014
€ 9.2B € 21.6B (R) € 9.0B € 11.3B
2014-11-17 10:00 AM
Balance of Trade  Sep 2014
€ 18.5B € 8.6B (R) € 10B
2014-12-16 10:00 AM
Balance of Trade  Oct 2014
€ 18.5B € 15.8B


Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 18486.50 8632.50 21553.00 -16638.00 EUR Million [+]
Exports 171907.00 139887.00 172911.70 53086.80 EUR Million [+]
Imports 153420.00 131255.00 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 11655490.00 11655489.82 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 -2261.00 Sep/14 -1013.00 2227.00 -3892.00 AUD Million [+]
Brazil -1177.00 Oct/14 -939.00 5659.37 -4058.14 USD Million [+]
Canada 710.00 Sep/14 -463.00 8524.80 -2902.90 CAD Million [+]
China 454.05 Oct/14 309.43 498.30 -319.71 USD Hundred Million [+]
Euro Area 18486.50 Sep/14 8632.50 21553.00 -16638.00 EUR Million [+]
France -4715.00 Sep/14 -5025.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Sep/14 14100.00 23400.00 -535.91 EUR Million [+]
India -13350.00 Oct/14 -14247.42 258.90 -20210.90 USD Million [+]
Indonesia -270.30 Sep/14 -312.00 4641.92 -2329.13 USD Million [+]
Italy 2014.00 Sep/14 2056.00 6923.00 -6389.30 EUR Million [+]
Japan -709.99 Oct/14 -958.30 1608.67 -2795.04 JPY Billion [+]
Mexico 143.00 Oct/14 590.00 1710.25 -3292.30 USD Million [+]
Netherlands 3498.00 Sep/14 2848.00 4948.70 -907.60 EUR Million [+]
Russia 12953.00 Sep/14 15848.00 20356.00 -185.00 USD Million [+]
South Korea 7500.00 Oct/14 3430.00 7500.00 -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 -6925.00 Sep/14 -8040.00 24.51 -10453.06 USD Million [+]
United Kingdom -2838.00 Sep/14 -1768.00 2946.00 -5269.00 GBP Million [+]
United States -43030.00 Sep/14 -39990.00 1946.00 -67823.00 USD Million [+]