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

The Eurozone trade surplus fell 18.6 percent to €25.3 billion in July 2016 compared to a €31.1 billion in the same month of the previous year, but beating market expectations of €25 billion. Exports declined 10 percent while imports dropped at a slower 8 percent. Considering the first seven months of the year, the trade surplus increased to €160.6 billion, compared with €140.9 billion in the same period of 2015. Balance of Trade in the Euro Area averaged 4347.45 EUR Million from 1999 until 2016, reaching an all time high of 31140.60 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
25276.10 30177.40 31140.60 -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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-15 09:00 AM May €24.6B €27.5B €23B €18.9B
2016-08-16 09:00 AM Jun €29.2B €24.8B €25.8B €21.1B
2016-09-15 09:00 AM Jul €25.3B €30.2B €25B €23.8B
2016-10-14 09:00 AM Aug €25.3B €22.4B
2016-11-15 10:00 AM Sep €21.6B
2016-12-16 10:00 AM Oct €20.3B

Eurozone Trade Surplus Narrows Sharply in July


The Eurozone trade surplus fell 18.6 percent to €25.3 billion in July 2016 compared to a €31.1 billion in the same month of the previous year, but beating market expectations of €25 billion. Exports declined 10 percent while imports dropped at a slower 8 percent. Considering the first seven months of the year, the trade surplus increased to €160.6 billion, compared with €140.9 billion in the same period of 2015.

Exports of goods to the rest of the world fell 10 percent to €167.2 billion from €185.4 billion a year earlier; while imports declined 8 percent to €142 billion compared to €154.4 billion.

In January to July 2016, exports fell 2 percent year-on-year to €1,173.9 billion and imports dropped 4 percent to €1,013.3 billion, resulting in a surplus of €160.6 billion, compared with €140.9  billion in the same period a year earlier.

The European Union recorded a €3.8 billion surplus in trade in goods with the rest of the world, compared with a €12.7 billion surplus in July 2015. Exports went down 13 percent to €142 billion from €162.3 billion a year earlier; while imports decreased 8 percent to €138.2 billion compared to €149.6 billion.

In January to July 2016, the European Union recorded a surplus of €20.7 billion, compared with €31 billion in January-July 2015. Exports of goods dropped 5 percent to €993.2 billion from €1,050.6 billion in the same period a year earlier, led by a fall in sales of energy (-26 percent), raw materials (-8 percent), machinery and vehicles (-4 percent) and other manufactured goods (-4 percent); and imports contracted 5 percent to €972.4 billion from €1,019.5 billion, as purchases declined the most for energy (-30 percent) and raw materials (-10 percent). Among trading partners, the biggest decreases in shipments were reported for South Korea (-12 percent), Switzerland (-8 percent) and Russia (-6 percent); while the decline in imports mainly reflected the strong fall in purchases from Russia (-22 percent), Norway (-21 percent) and Canada (-7 percent).

Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/15/2016 9:24:36 AM

Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 25276.10 30177.40 31140.60 -16509.80 EUR Million [+]
Exports 167238.70 179736.70 185413.60 53045.90 EUR Million [+]
Imports 141962.60 149559.40 163414.20 55698.40 EUR Million [+]
Current Account 31.47 39.06 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 -0.58 45.45 125.01 -104.40 EUR Billion [+]
Gold Reserves 504.77 504.77 766.88 501.45 Tonnes [+]




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Angola 3002.24 Dec/15
Argentina 705.00 Aug/16
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Aruba -423.80 Jun/16
Australia -2410.00 Jul/16
Austria 130.00 Jun/16
Azerbaijan 621706.00 Mar/16
Bahamas -459.80 Mar/16
Bahrain 1513.00 Dec/15
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Belarus 32.40 Jul/16
Belgium 2544.10 Jul/16
Belize -132.80 Jul/16
Benin -191.61 Jun/16
Bhutan -26021.60 Dec/15
Bolivia -136.20 Apr/16
Bosnia and Herzegovina -526211.72 Jul/16
Botswana -175.90 Jul/16
Brazil 4140.00 Aug/16
Brunei 417.80 Jul/16
Bulgaria -29.90 Jul/16
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Cambodia -1748.30 May/16
Cameroon -1054.40 Dec/13
Canada -2487.90 Jul/16
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Chad 1166.10 Dec/11
Chile -274.00 Aug/16
China 520.49 Aug/16
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Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -560.60 Aug/16
Croatia -4059.88 Jul/16
Cuba -9578.00 Dec/15
Cyprus -304347.00 Jul/16
Czech Republic 24445.00 Jul/16
Denmark 8796.60 Jul/16
Djibouti -168260.00 Dec/15
Dominican Republic -631.90 Mar/16
East Timor -39175.91 Jun/16
Ecuador 204425.00 Jul/16
Egypt -3518.00 Jul/16
El Salvador -339.98 Jul/16
Equatorial Guinea 2723.70 Dec/10
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Euro Area 25276.10 Jul/16
European Union 3763.70 Jul/16
Fiji -112192.00 Apr/16
Finland -245.00 Jul/16
France -4505.00 Jul/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -493.40 Aug/16
Germany 19500.00 Jul/16
Ghana -712.40 Jun/16
Greece -1344.10 Jul/16
Guatemala -452.00 Jul/16
Guinea -308.73 Jun/16
Guinea Bissau -23.80 Dec/14
Guyana -13.70 Jun/16
Haiti -229.96 Jun/16
Honduras -403.60 Jun/16
Hong Kong -32096.00 Aug/16
Hungary 208000.00 Jul/16
Iceland -12700.00 Aug/16
India -7674.14 Aug/16
Indonesia 293.60 Aug/16
Iran 4258.00 Dec/15
Iraq 4397.00 Dec/15
Ireland 3526700.00 Jul/16
Israel -1899.30 Aug/16
Italy 7794.95 Jul/16
Ivory Coast 890.60 Dec/14
Jamaica -680800.00 Mar/16
Japan -18.71 Aug/16
Jordan -658173.00 Jun/16
Kazakhstan 1289.60 Jul/16
Kenya -79107.00 Jun/16
Kosovo -249009.00 Aug/16
Kuwait 402.00 Mar/16
Kyrgyzstan -291.40 Jun/16
Laos -594.89 Dec/15
Latvia -182.90 Jul/16
Lebanon -1258.95 Jun/16
Lesotho -3543.23 Mar/16
Liberia -99.90 May/16
Libya -17675.60 Dec/14
Liechtenstein 326579.00 Jun/16
Lithuania -178.60 Jul/16
Luxembourg -0.42 Jul/16
Macau -5944415.49 Aug/16
Macedonia -131493.00 Jul/16
Madagascar -306742.00 Jun/16
Malawi -31524.80 Sep/15
Malaysia 1907.37 Jul/16
Maldives -161.70 Jun/16
Mali -100.60 Mar/15
Malta -149432.00 Jul/16
Mauritania -79.64 Mar/16
Mauritius -8160.00 Jul/16
Mexico -1913.24 Aug/16
Moldova -148.40 Jul/16
Monaco -104.50 Jun/16
Mongolia 110.00 Aug/16
Montenegro -168082.00 Aug/16
Morocco -17306.00 Jul/16
Mozambique -1754.40 Dec/15
Myanmar -639.40 Dec/15
Namibia -6141.52 Mar/16
Nepal -77662.70 Mar/16
Netherlands 4821.00 Jul/16
New Caledonia -9890.65 Jun/16
New Zealand -1265.00 Aug/16
Nicaragua -223.90 Jun/16
Niger -286709.90 Mar/16
Nigeria -29398.00 Jun/16
North Korea -476.67 Dec/15
Norway 6763.00 Aug/16
Oman -45.20 Dec/15
Pakistan -279639.00 Aug/16
Palestine -310.20 Jul/16
Panama -918416.00 Jul/16
Papua New Guinea 3957.00 Dec/15
Paraguay -154825.00 Aug/17
Peru 484.00 Jul/16
Philippines -2053160.00 Jul/16
Poland -313.00 Jul/16
Portugal -557.44 Jul/16
Puerto Rico 2982.40 Jun/16
Qatar 8688.00 Aug/16
Republic of the Congo 4092.35 Dec/10
Romania -642.90 Jul/16
Russia 6490.00 Jul/16
Rwanda -142.60 May/16
Sao Tome and Principe -27.28 Jun/16
Saudi Arabia 16295.00 Mar/16
Senegal -159.34 Jul/16
Serbia -300.30 Jul/16
Seychelles -40.31 Jul/16
Sierra Leone -52.89 Jun/16
Singapore 5592.00 Aug/16
Slovakia 60.00 Jul/16
Slovenia 99.78 Jul/16
Somalia -1473.48 Dec/15
South Africa 5223.30 Jul/16
South Korea 5300.00 Aug/16
South Sudan -104.70 Dec/15
Spain -557800.00 Jul/16
Sri Lanka -542.00 Jul/16
Sudan -424613.00 Jun/16
Suriname 32.40 Jun/16
Swaziland 1217.38 Dec/15
Sweden -10300.00 Aug/16
Switzerland 3024.63 Aug/16
Syria 9394.50 Dec/10
Taiwan 3984.83 Aug/16
Tajikistan -142.90 Jul/16
Tanzania -207.80 Jun/16
Thailand 2130.00 Aug/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -1397.20 Aug/16
Turkey -4787.97 Jul/16
Turkmenistan 2181.97 Dec/15
Uganda -175.50 Jul/16
Ukraine -264.80 Aug/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -4502.00 Jul/16
United States -39474.00 Jul/16
Uruguay 207156.00 Jul/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -100.00 Sep/16
Yemen -2914.30 Dec/13
Zambia -473.90 Jul/16
Zimbabwe -322.86 Mar/16