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

The Eurozone trade surplus widened 31.5 percent year-on-year to €27.5 billion in April of 2016. It is the highest trade surplus for an April month on record as imports fell at a faster pace than exports due to decline in oil prices. Balance of Trade in the Euro Area averaged 4033.65 EUR Million from 1999 until 2016, reaching an all time high of 31122.70 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
27481.90 29427.20 31122.70 -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 June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-15 09:00 AM Feb €19B €8B € 20.8B
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 €27.5B €18.9B
2016-08-16 09:00 AM Jun €21.1B
2016-09-15 09:00 AM Jul €23.8B

Euro Area Trade Surplus at Record High For The Month of April


The Eurozone trade surplus widened 31.5 percent year-on-year to €27.5 billion in April of 2016. It is the highest trade surplus for an April month on record as imports fell at a faster pace than exports due to decline in oil prices.

Total exports shrank 0.9 percent year-on-year to €172.3 billion, following a 2.3 percent drop in March. Imports fell 5.3 percent to €144.8 billion, after decreasing by 8.4 percent in the previous month. Considering the first four months of the year, sales from the Eurozone were down 1 percent to €659 billion and imports slumped at a faster 3 percent to €577.7 billion, bringing the trade surplus up to €81.3 billion from €67.6 billion a year earlier.

Considering the European Union, exports declined 6 percent to €146.9 billion and imports fell 4 percent to €141.3 billion. As a result, the EU28 recorded a €5.6 billion surplus compared with €8.2 billion a year earlier. Intra-EU28 trade rose 2 percent to €260.9 billion. 

In the first four months of the year, exports from the European Union stood at €556.4 billion, down 5 percent and imports were at €552.5 billion, down 4 percent. As a result, the EU28 trade surplus narrowed to €3.9 billion, compared with €4.7 billion a year earlier. 

Sales of energy recorded the biggest drop (-28 percent), followed by other goods (-20 percent), raw materials (-8 percent), machinery and vehicles (-3 percent) and chemicals (-2 percent) while shipments of food went up 1 percent. Among trading partners, the highest declines were reported for South Korea (-10 percent) and Switzerland (-8 percent), Russia (-6 percent), India (-5 percent), the US (-3 percent) and Turkey (-3 percent).

Imports of primary goods slumped 23 percent, namely energy (-34 percent) while purchases of manufactured goods (+1 percent) and other goods (+61 percent) rose. Imports from Norway declined 24 percent and from Russia went down 22 percent. In contrast, those from Switzerland (+15 percent), Turkey (+10 percent) and Japan (+11 percent) went up. 

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
6/15/2016 10:47:10 AM

Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 27481.90 29427.20 31122.70 -16509.80 EUR Million [+]
Exports 172312.80 178602.30 185412.20 53045.90 EUR Million [+]
Imports 144830.90 149175.10 162933.20 55698.40 EUR Million [+]
Current Account 34.00 31.30 44.20 -26.35 EUR Billion [+]
Current Account to GDP 3.70 1.90 2.10 -1.60 percent [+]
External Debt 12498814.86 12668634.13 12995032.68 5501622.07 EUR Million [+]
Capital Flows 51.18 52.04 129.48 -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 -30143.50 May/16
Algeria -1270.00 Sep/15
Angola 3002.24 Dec/15
Argentina 439.00 May/16
Armenia -108.90 May/16
Aruba -520.80 Dec/15
Australia -1579.00 Apr/16
Austria 142.00 Mar/16
Azerbaijan 621706.00 Mar/16
Bahamas -514.90 Dec/15
Bahrain 3441.00 Dec/14
Bangladesh -57.02 Mar/16
Barbados -254822.00 Dec/15
Belarus -258.80 Apr/16
Belgium 1249.00 Apr/16
Belize -131.30 Apr/16
Benin -164.32 Mar/16
Bhutan -26021.60 Dec/15
Bolivia -355.90 Dec/15
Bosnia and Herzegovina -404.87 Apr/16
Botswana 3307.90 Apr/16
Brazil 6437.00 May/16
Brunei 195.90 Apr/16
Bulgaria -156.80 Apr/16
Burkina Faso -49.00 Sep/14
Burundi -76937.10 Mar/16
Cambodia -786.30 Jan/16
Cameroon -1054.40 Dec/13
Canada -2936.70 Apr/16
Cape Verde -4178.80 Mar/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 744.79 May/16
China 499.80 May/16
Colombia -1.29 Apr/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -365.50 May/16
Croatia -4530.70 Apr/16
Cuba -9578.00 Dec/15
Cyprus -253738.00 Apr/16
Czech Republic 56003.00 Apr/16
Denmark 7736.70 Apr/16
Djibouti -119840.00 Dec/14
Dominican Republic -688.50 Dec/15
East Timor -49370.69 Mar/16
Ecuador 53993.00 Apr/16
Egypt -2717.00 Apr/16
El Salvador -359.50 Apr/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -170.74 Apr/16
Ethiopia -3557.70 Dec/15
Euro Area 27481.90 Apr/16
European Union 5566.30 Apr/16
Fiji -262673.00 Dec/15
Finland -225.00 Apr/16
France -5219.00 Apr/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -436.32 May/16
Germany 25607.00 Apr/16
Ghana -773.70 Mar/16
Greece -2057.60 Apr/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 -26228.00 May/16
Hungary 308393.58 Apr/16
Iceland -15000.00 May/16
India -6272.90 May/16
Indonesia 375.60 May/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 4533900.00 Apr/16
Israel -950.30 Apr/16
Italy 4519.87 Apr/16
Ivory Coast 890.60 Dec/14
Jamaica -761100.00 Dec/15
Japan -40.72 May/16
Jordan -887215.00 Mar/16
Kazakhstan 711.70 Apr/16
Kenya -72360.00 Apr/16
Kosovo -227670.00 Apr/16
Kuwait 402.00 Mar/16
Kyrgyzstan -216.90 Mar/16
Laos -488.34 Sep/15
Latvia -164.00 May/16
Lebanon -1373.07 Apr/16
Lesotho -2961.47 Dec/15
Liberia -115.60 Mar/16
Libya -17675.60 Dec/14
Liechtenstein 371580.00 Mar/16
Lithuania -242.70 Apr/16
Luxembourg -0.39 Apr/16
Macau -4571042.93 May/16
Macedonia -192142.00 Apr/16
Madagascar 101517.00 Mar/16
Malawi -31524.80 Sep/15
Malaysia 9060.00 Apr/16
Maldives -165.70 Apr/16
Mali -100.60 Mar/15
Malta -247000.00 Apr/16
Mauritania -24.89 Dec/15
Mauritius -6081.00 Apr/16
Mexico -527.00 May/16
Moldova -194.30 Apr/16
Monaco 7.80 Mar/16
Mongolia 124.70 Apr/16
Montenegro -183453.00 May/16
Morocco -14678.00 Apr/16
Mozambique -1754.40 Dec/15
Myanmar -914.60 Nov/15
Namibia -8322.34 Dec/15
Nepal -58541.90 Dec/15
Netherlands 4942.00 Apr/16
New Caledonia -11870.00 Mar/16
New Zealand 358.00 May/16
Nicaragua -234.30 Mar/16
Niger -441985.00 Sep/15
Nigeria 171309.90 Mar/16
North Korea -476.67 Dec/15
Norway 6567.00 May/16
Oman -45.20 Dec/15
Pakistan -227733.00 May/16
Palestine -326.70 Mar/16
Panama -843451.00 Apr/16
Papua New Guinea 3957.00 Dec/15
Paraguay 54678.00 May/16
Peru 13.00 Apr/16
Philippines -2275000.00 Apr/16
Poland 520.00 Apr/16
Portugal -708.00 Apr/16
Puerto Rico 2091.50 Apr/16
Qatar 7531.00 May/16
Republic of the Congo 4092.35 Dec/10
Romania -836.20 Apr/16
Russia 6750.00 Apr/16
Rwanda -150.29 Dec/15
Sao Tome and Principe -24.59 Mar/16
Saudi Arabia 22467.00 Dec/15
Senegal -94.80 Mar/16
Serbia -402.10 May/16
Seychelles -49.80 May/16
Sierra Leone -33.70 Dec/15
Singapore 6124.50 May/16
Slovakia 404.00 Apr/16
Slovenia 114.18 Apr/16
Somalia -1473.48 Dec/15
South Africa 18730.94 May/16
South Korea 7100.00 May/16
South Sudan -3492.00 Dec/14
Spain -637300.00 Apr/16
Sri Lanka -551.70 Feb/16
Sudan -489010.00 Mar/16
Suriname -23.00 Mar/16
Swaziland 1217.38 Dec/15
Sweden -2100.00 May/16
Switzerland 3785.97 May/16
Syria 9394.50 Dec/10
Taiwan 3500.00 May/16
Tajikistan -169.20 Mar/16
Tanzania 100.80 Mar/16
Thailand 1540.00 May/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -1090.30 May/16
Turkey -5054.00 May/16
Turkmenistan 2431.94 Dec/14
Uganda -126.70 Apr/16
Ukraine -230.30 Mar/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -3294.00 Apr/16
United States -37436.00 Apr/16
Uruguay -322496.00 Apr/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -100.00 Jun/16
Yemen -2914.30 Dec/13
Zambia -751.30 Apr/16
Zimbabwe -290.99 Dec/14