Euro Area Balance of Trade

Euro Area recorded a trade surplus of 13600 EUR Million in February of 2014. Balance of Trade In the Euro Area is reported by the Eurostat. Balance of Trade in the Euro Area averaged 2221.46 EUR Million from 1999 until 2014, reaching an all time high of 21512.70 EUR Million in March of 2013 and a record low of -16570.20 EUR Million in January of 2011. 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. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
13600.00 800.00 21512.70 -16570.20 11122.53 | 2014/03 1999 - 2014 EUR Million Monthly
NSA

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Euro Area Balance of Trade
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-15 10:00 AM Euro Area
Balance of Trade
Nov 2013 € 17.1B € 16.8B (R) € 17.0B € 12.4B
2014-02-14 10:00 AM Euro Area
Balance of Trade
Dec 2013 € 13.9B € 17.0B (R) € 2.1B
2014-03-18 10:00 AM Euro Area
Balance of Trade
Jan 2014 € 0.9B € 13.8B (R) € 6B € 5.6B
2014-04-15 10:00 AM Euro Area
Balance of Trade
Feb 2014 € 13.6B € 0.8B (R) € 8.5B € 7.5B
2014-05-16 10:00 AM Euro Area
Balance of Trade
Mar 2014 € 13.6B € 11.1B
2014-06-13 10:00 AM Euro Area
Balance of Trade
Apr 2014 € 7.4B
[+]

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP 1.50 2012-12-31 0.20 1.50 -1.50 1.96 2013-12-31 Percent [+]
Current Account 13.87 2014-02-15 6.99 32.91 -26.95 9016.65 2014-03-31 EUR Billion [+]
Capital Flows -9.50 2014-02-15 -3.71 38.51 -38.59 -13.65 2014-03-31 EUR Billion [+]
External Debt 11964387.19 2013-09-30 12063066.12 12096481.11 5501622.07 12035655.62 2013-12-31 EUR Million [+]
Balance of Trade 13600.00 2014-02-15 800.00 21512.70 -16570.20 11122.53 2014-03-31 EUR Million [+]
Imports 139700.00 2014-02-15 147200.00 161000.70 55101.20 146643.86 2014-03-31 EUR Million [+]
Exports 153300.00 2014-02-15 148100.00 172619.60 52826.80 168371.49 2014-03-31 EUR Million [+]
[+]


Euro Area Trade Surplus Widens in February On Rising Exports

The first estimate for the Euro Area trade in goods balance with the rest of the world in February of 2014 gave a € 13.6 billion surplus, compared with € +9.8 bn in February of 2013. The January 2014 balance was € +0.8 bn.

Euro Area non-seasonally adjusted exports rose 2.88 percent year-on-year in February to € 153.3 billion. Imports increased marginally by 0.36 percent to € 139.7 billion. On a monthly basis, seasonally adjusted exports rose by 1.2 percent and imports by 0.6 percent. 

The EU 28 deficit for energy decreased (€ -32.5 bn in January 2014 compared with € -34.9 bn in January 2013), while the surplus for machinery and vehicles increased (€+14.9 bn compared with € +14.3 bn). 

EU 28 imports from most of its major partners fell in January 2014 compared with January 2013, except for Turkey (+3 percent) and China (+1 percent), while they remained stable with India. The most notable decreases were recorded for imports from Russia (-10 percent), Japan (-7 percent) and Brazil (-5 percent). 

For EU 28 exports, the largest increases were registered with China (+12 percent) and Japan (+8 percent), and the most notable falls for exports to Brazil and Russia (both -10 percent) and Turkey (-5 percent). 

The EU 28 trade surplus increased with the USA (€ +6.6 bn in January 2014 compared with € +6.1 bn in January 2013), decreased with Turkey (€ +1.3 bn compared with € +1.7 bn) and remained stable with Switzerland (€ +5.7 bn). 

The EU 28 trade deficit fell with China (€ -13.6 bn compared with € -14.6 bn) and Russia (€ -9.3 bn compared with € -10.4 bn) and remained stable with Norway (€ -3.8 bn). 

Concerning the total trade of Member States, the largest surplus was observed in Germany (€ +15.3 bn euro in January 2014), followed by the Netherlands (€ +5.0 bn), Ireland (€ +2.4 bn) and the Czech Republic (€ +1.6 bn). The United Kingdom (€ -9.6 bn) registered the largest deficit, followed by France (€ -8.2 bn), Spain (€ -2.5 bn) and Greece (€ -1.6 bn).

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
4/15/2014 10:19:29 AM

RECENT RELEASES

Euro Area Trade Surplus Narrows in January
Euro Area recorded a € 900 million trade surplus in January of 2014, compared with a € 13.8 billion surplus a month earlier, as imports surged 8.6 percent. January's reading is above the € 5.4 billion deficit recorded in the same month last year. Published on 2014-03-18

Euro Area Trade Surplus Narrows in December
In December, Euro Area trade surplus narrowed to €13.9 billion from a revised €17.0 billion in the previous month but was up from €9.8 billion a year earlier. During 2013, Euro Area trade in goods recorded a surplus of €153.8 billion, compared with €79.7 billion in 2012. Published on 2014-02-14


Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.


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Euro Area Trade Surplus Widens in February On Rising Exports  
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