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

Euro Area recorded a trade surplus of 9200 EUR Million in August of 2014. Balance of Trade in the Euro Area averaged 2559.22 EUR Million from 1999 until 2014, reaching an all time high of 21780.80 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.

   
 
 

Euro Area Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
9200.00 21600.00 21780.80 -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 Sunday, October 26, 2014.


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.

Exports fell 3 percent year-on-year to € 140.5 billion in August of 2014. Imports contracted 4 percent to € 131.3 billion. In August compared with July 2014, seasonally adjusted exports fell by 0.9 percent and imports by 3.1 percent.

From January to July, the European Union deficit for energy decreased (-€201.9 billion in January-July 2014 compared with -€219.4 billion in January-July 2013), as did the surplus for machinery and vehicles (+€149.3 billion compared with +€162.4 billion). The highest increases in European Union exports were registered with China (+11percent in January-July 2014 compared with January-July 2013), South Korea (+10 percent) and the United States (+5percent), and for EU28 imports with South Korea (+12 percent), Turkey (+7 percent), China (+6 percent) and Switzerland (+5 percent). The most notable decreases were recorded for exports to Switzerland (-22 percent), Russia (-12 percent) and India (-10 percent), and for imports from Russia and Norway (both -7 percent) and Brazil (-5percent).

The European Union trade surplus increased with the USA (+€59.4 billion in January-July 2014 compared with +€52.9 billion in January-July 2013), but decreased with Switzerland (+€24.2 billion compared with +€50.5 billion) and Turkey (+€11.0 billion compared with +€17.1 billion). The EU28 trade deficit fell with Norway (-€21.2 billion compared with -€24.3 billion), and remained nearly stable with China (-€72.5 billion compared with -€73.1 billion) and Russia (-€50.6 billion compared with -€50.5 billion).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+€124.5 billion in January-July 2014), followed by the Netherlands (+€34.6 billion), Italy (+€24.3 billion), Ireland (+€20.1 billion) and the Czech Republic (+€10.0 billion). The United Kingdom (-€76.2 billion) registered the largest deficit, followed by France (-€43.2 billion), Spain (-€13.6 billion) and Greece (-€12.4 billion).

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
10/16/2014 10:17:06 AM


Recent Releases

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

Euro Area Trade Surplus At 7-Month High
The first estimate for the euro area trade in goods balance in June of 2014 gave a € 16.8 billion surplus, compared with a € 15.7 billion surplus a year earlier. Exports rose 3 percent while imports increased at a slower 2 percent. Published on 2014-08-18


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 € 16.8B € 15.4B € 15.4B € 16.6B
2014-09-15 10:00 AM Euro Area
Balance of Trade
Jul 2014 € 21.2B € 16.7B (R) € 19.5B € 17.8B
2014-10-16 10:00 AM Euro Area
Balance of Trade
Aug 2014 € 9.2B € 21.6B (R) € 9.0B € 11.3B
2014-11-17 10:00 AM Euro Area
Balance of Trade
Sep 2014 € 9.2B € 11.4B


Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 9200.00 21600.00 21780.80 -16638.00 EUR Million [+]
Exports 140500.00 172900.00 172911.70 53086.80 EUR Million [+]
Imports 131300.00 151400.00 161018.00 55641.60 EUR Million [+]
Current Account 15.10 32.80 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 -15.14 -27.02 38.51 -38.59 EUR Billion [+]
Gold Reserves 503.19 503.19 766.88 501.45 Tonnes [+]