Euro Area Balance of Trade  1999-2017 | Data | Chart | Calendar | Forecast

The Eurozone trade surplus rose to €28.1 billion in December 2016 from €24.4 billion in the same month of the previous year and above market consensus of €22.8 billion. Exports increased 6 percent to €178.6 billion while imports went up at a slower 4 percent to €150.5 billion. Considering 2016 full year, the trade surplus widened to €273.9 billion from €238.7 billion in 2015, as exports were nearly unchanged at €2.1 trillion while imports fell 2 percent to €1.8 trillion. Balance of Trade in the Euro Area averaged 4730.25 EUR Million from 1999 until 2016, reaching an all time high of 30230 EUR Million in July of 2015 and a record low of -16510.20 EUR Million in January of 2011.

Euro Area Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-16 10:00 AM Oct €20.1B €26.5B €29B €20.3B
2017-01-16 10:00 AM Nov €25.9B €20.1B €22B €19.5B
2017-02-15 10:00 AM Dec €28.1B €25.4B €22.8B
2017-03-17 10:00 AM Jan €28.1B
2017-04-19 09:00 AM Feb
2017-05-16 09:00 AM Mar




Eurozone Trade Surplus Widens In December


The Eurozone trade surplus rose to €28.1 billion in December 2016 from €24.4 billion in the same month of the previous year and above market consensus of €22.8 billion. Exports increased 6 percent to €178.6 billion while imports went up at a slower 4 percent to €150.5 billion.

Exports of goods to the rest of the world advanced 6 percent to €178.6 billion in December 2016 from €168.7 billion a year earlier; while imports increased at a slower 4 percent to €150.5 billion compared to €144.4 billion in December 2015.

Considering 2016 full year, the trade surplus widened to €273.9 billion from €238.7 billion in 2015, as exports were nearly unchanged at €2,047.8 billion while imports fell 2 percent to €1,774 billion.

Meanwhile, the European Union recorded a €20.9 billion surplus in trade in goods with the rest of the world, compared with a €20.6 billion surplus in December 2015. Exports went up 5 percent to €164.4 billion from €156.1 billion a year earlier; and imports rose 6 percent to €143.5 billion compared to €135.4 billion.

Considering 2016 full year, the European Union recorded a surplus of €39.3 billion, compared with €59.9 billion in 2015. Exports of goods dropped 2 percent to €1,745.7 billion from €1,789.2 trillion a year earlier, led by a fall in sales of energy (-13 percent) and other manufactured goods (-2 percent) while exports of food and drinks rose (2 percent). Imports shrank 1 percent to €1,706.4 billion from €1,729.2 billion, as purchases declined the most for energy (-20 percent) and raw materials (-5 percent). Among trading partners, the biggest decreases in shipments were reported for South Korea (-7 percent) and Switzerland (-5 percent); while the decline in imports mainly reflected the strong fall in purchases from Norway (-15 percent) and Russia (-13 percent). 

Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/15/2017 10:21:44 AM



Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 28142.20 25364.70 30230.00 -16510.20 EUR Million [+]
Exports 178609.20 183685.80 184991.40 53045.90 EUR Million [+]
Imports 150467.00 158321.10 163588.70 55698.40 EUR Million [+]
Current Account 46.97 40.81 46.97 -26.35 EUR Billion [+]
Current Account to GDP 3.70 1.90 2.10 -1.60 percent [+]
External Debt 13362619.36 13331647.65 13362619.36 5501622.07 EUR Million [+]
Capital Flows 147.54 21.70 147.54 -104.40 EUR Billion [+]
Gold Reserves 504.77 504.77 766.88 501.45 Tonnes [+]



Euro Area Balance of Trade Notes

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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
28142.20 25364.70 30230.00 -16510.20 1999 - 2016 EUR Million Monthly
NSA



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Afghanistan -7159.00 Dec/15
Albania -15870.70 Jan/17
Algeria -1308.00 Dec/15
Angola 4470.03 Jun/16
Argentina -106.00 Jan/17
Armenia -115.70 Jan/17
Aruba -465.10 Sep/16
Australia 3511.00 Dec/16
Austria -284.00 Nov/16
Azerbaijan 981353.00 Sep/16
Bahamas -517.60 Sep/16
Bahrain 312.40 Dec/15
Bangladesh -113.51 Nov/16
Barbados -213020.00 Nov/16
Belarus -493.30 Dec/16
Belgium 1837.10 Dec/16
Belize -156.00 Dec/16
Benin -278.15 Sep/16
Bhutan -35828.70 Dec/16
Bolivia -116.89 Sep/16
Bosnia and Herzegovina -609171.99 Dec/16
Botswana 1541.10 Nov/16
Brazil 2724.00 Jan/17
Brunei 203.30 Dec/16
Bulgaria -408.10 Dec/16
Burkina Faso -86.40 Mar/16
Burundi -118434.20 Aug/16
Cambodia -554.50 Sep/16
Cameroon -1189.42 Dec/14
Canada 922.80 Dec/16
Cape Verde -5560.90 Nov/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 719.92 Jan/17
China 513.50 Jan/17
Colombia -0.67 Dec/16
Comoros -73203.00 Dec/16
Congo 1001.80 Dec/14
Costa Rica -539.10 Jan/17
Croatia -4663.06 Dec/16
Cuba -9578.00 Dec/15
Cyprus -407621.00 Dec/16
Czech Republic 21481.00 Dec/16
Denmark 3788.10 Dec/16
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -9404.27 Dec/16
Ecuador 15100.00 Dec/16
Egypt -2392.00 Nov/16
El Salvador -424.16 Dec/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -170.31 Dec/16
Ethiopia -3565.10 Sep/16
Euro Area 28142.20 Dec/16
European Union 20885.30 Dec/16
Fiji -204403.00 Sep/16
Finland -530.00 Dec/16
France -3421.00 Dec/16
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -297.60 Jan/17
Germany 18700.00 Dec/16
Ghana -452.40 Sep/16
Greece -1566.60 Dec/16
Guatemala -488.00 Dec/16
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -490.00 Nov/16
Hong Kong -45477.00 Dec/16
Hungary 173000.00 Dec/16
Iceland -6700.00 Jan/17
India -9840.90 Jan/17
Indonesia 1395.80 Jan/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 4017900.00 Dec/16
Israel -705.40 Jan/17
Italy 5797.75 Dec/16
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan -1086.90 Jan/17
Jordan -721456.00 Dec/16
Kazakhstan 1443.10 Dec/16
Kenya -79843.00 Nov/16
Kosovo -247031.00 Dec/16
Kuwait 1422.20 Sep/16
Kyrgyzstan -114.40 Dec/16
Laos -339.15 Jun/16
Latvia -240.10 Dec/16
Lebanon -1292.24 Dec/16
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -238.00 Dec/16
Luxembourg -0.44 Nov/16
Macau -6002747.00 Dec/16
Macedonia -201662.00 Dec/16
Madagascar 20810.00 Dec/16
Malawi -53950.00 Mar/16
Malaysia 8720.00 Dec/16
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -151832.00 Dec/16
Mauritania -79.64 Mar/16
Mauritius -7927.00 Dec/16
Mexico 28.00 Dec/16
Moldova -197.50 Dec/16
Monaco -104.50 Jun/16
Mongolia 151.40 Jan/17
Montenegro -140962.00 Dec/16
Morocco -16689.00 Dec/16
Mozambique -434.30 Sep/16
Myanmar -303.20 May/16
Namibia -6654.37 Sep/16
Nepal -80884.00 Jun/16
Netherlands 5494.00 Dec/16
New Caledonia -7307.00 Oct/16
New Zealand -41.38 Dec/16
Nicaragua -294.50 Nov/16
Niger -108402.00 Sep/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 25045.75 Jan/17
Oman 90.00 Sep/16
Pakistan -309673.00 Jan/17
Palestine -372.00 Dec/16
Panama -1009640.52 Dec/16
Papua New Guinea 3223.00 Jun/16
Paraguay -209595.00 Jan/17
Peru 1023.00 Dec/16
Philippines -2564000.00 Dec/16
Poland -151.00 Dec/16
Portugal -1373.50 Dec/16
Puerto Rico 2204.40 Nov/16
Qatar 10746.00 Dec/16
Republic of the Congo 4092.35 Dec/10
Romania -1185.40 Dec/16
Russia 11834.00 Dec/16
Rwanda -116.57 Nov/16
Sao Tome and Principe -27.04 Dec/16
Saudi Arabia 73133.00 Sep/16
Senegal -96.90 Dec/16
Serbia -514.40 Dec/16
Seychelles -38.40 Dec/16
Sierra Leone -52.89 Jun/16
Singapore 3287.37 Jan/17
Slovakia -120.00 Dec/16
Slovenia 18.80 Dec/16
Somalia -1473.48 Dec/15
South Africa 12036.48 Dec/16
South Korea 3200.00 Jan/17
South Sudan -104.70 Dec/15
Spain -2447000.00 Dec/16
Sri Lanka -957.00 Dec/16
Sudan -338394.00 Sep/16
Suriname 42.20 Sep/16
Swaziland -320.72 Jun/16
Sweden 1000.00 Dec/16
Switzerland 4733.00 Jan/17
Syria 9394.50 Dec/10
Taiwan 3494.92 Jan/17
Tajikistan -196.00 Dec/16
Tanzania -26.00 Nov/16
Thailand 940.00 Dec/16
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -1221.80 Jan/17
Turkey -5598.00 Dec/16
Turkmenistan 2181.97 Dec/15
Uganda -143.40 Dec/16
Ukraine -561.70 Dec/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -3304.00 Dec/16
United States -44262.00 Dec/16
Uruguay -127557.00 Dec/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam 1150.00 Jan/17
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16