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

The Eurozone trade surplus rose to €25.9 billion in November 2016 compared to a €22.9 billion in the same month of the previous year, above market consensus of €22 billion. Exports increased 6 percent while imports went up at a slower 5 percent. Considering the first eleven months of the year, the trade surplus increased to €248.2 billion, compared with €214.3 billion in the same period of 2015. Balance of Trade in the Euro Area averaged 4632.59 EUR Million from 1999 until 2016, reaching an all time high of 30227.50 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)
2016-11-15 10:00 AM Sep €26.5B €18.3B €22.5B €21.6B
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 €25.9B
2017-03-17 10:00 AM Jan
2017-04-19 09:00 AM Feb




Eurozone Trade Surplus Widens Ahead Of Expectations


The Eurozone trade surplus rose to €25.9 billion in November 2016 from €22.9 billion in the same month of the previous year, above market consensus of €22 billion. Exports increased 6 percent while imports went up at a slower 5 percent.

Exports of goods to the rest of the world advanced 6 percent to €184.2 billion from €173.8 billion a year earlier; while imports increased at a slower 5 percent to €158.3 billion compared to €150.9 billion in November 2015.

In January to November 2016, the trade surplus rose to €248.2 billion, compared with €214.3 billion in the same period a year earlier, as exports were nearly unchanged at €1,869 billion and imports dropped 2 percent to €1,620.8 billion.

The European Union recorded a €6.9 billion surplus in trade in goods with the rest of the world, compared with a €5.7 billion surplus in November 2015. Exports went up 5 percent to €156.8 billion from €148.7 billion a year earlier; and imports rose also 5 percent to €149.9 billion compared to €143 billion.

In January to November 2016, the European Union recorded a surplus of €20.2 billion, compared with €39.3 billion in the same period a year ago. Exports of goods dropped 3 percent to €1,581.2 billion from €1,633.1 billion in the same period a year earlier, led by a fall in sales of energy (-16 percent), raw materials (-2 percent), machinery and vehicles (-2 percent), other manufactured goods (-2 percent) and chemicals (-1 percent) while exports of food and drinks rose (+3 percent). Imports shrank 2 percent to €1,561 billion from €1,593.8 billion, as purchases declined the most for energy (-23 percent) and raw materials (-6 percent). Among trading partners, the biggest decreases in shipments were reported for South Korea (-9 percent) and Switzerland (-6 percent); while the decline in imports mainly reflected the strong fall in purchases from Norway (-17 percent) and Russia (-16 percent). 

Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/16/2017 10:27:32 AM



Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 25941.20 20138.20 30227.50 -16510.20 EUR Million [+]
Exports 184232.70 172698.70 184990.90 53045.90 EUR Million [+]
Imports 158291.50 152560.60 163590.20 55698.40 EUR Million [+]
Current Account 40.52 32.59 42.14 -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 34.16 -8.01 135.28 -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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
25941.20 20138.20 30227.50 -16510.20 1999 - 2016 EUR Million Monthly
NSA



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Afghanistan -7159.00 Dec/15
Albania -33679.40 Dec/16
Algeria -1308.00 Dec/15
Angola 4470.03 Jun/16
Argentina 100.00 Nov/16
Armenia -173.30 Nov/16
Aruba -465.10 Sep/16
Australia 1243.00 Nov/16
Austria -465.00 Oct/16
Azerbaijan 981353.00 Sep/16
Bahamas -517.60 Sep/16
Bahrain 312.40 Dec/15
Bangladesh -89.57 Oct/16
Barbados -181864.00 Jun/16
Belarus -340.90 Nov/16
Belgium 2456.70 Nov/16
Belize -153.10 Nov/16
Benin -278.15 Sep/16
Bhutan -26021.60 Dec/15
Bolivia -116.89 Sep/16
Bosnia and Herzegovina -499648.55 Nov/16
Botswana -2508.80 Oct/16
Brazil 4415.00 Dec/16
Brunei 296.10 Nov/16
Bulgaria -241.80 Nov/16
Burkina Faso -86.40 Mar/16
Burundi -118434.20 Aug/16
Cambodia -554.50 Sep/16
Cameroon -1189.42 Dec/14
Canada 526.40 Nov/16
Cape Verde -5397.60 Oct/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 1226.87 Dec/16
China 408.18 Dec/16
Colombia -0.93 Oct/16
Comoros -73203.00 Dec/16
Congo 1001.80 Dec/14
Costa Rica -569.90 Nov/16
Croatia -3668.67 Nov/16
Cuba -9578.00 Dec/15
Cyprus -338508.00 Nov/16
Czech Republic 37502.29 Nov/16
Denmark 5123.30 Nov/16
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -39175.91 Jun/16
Ecuador -112866.00 Nov/16
Egypt -2392.00 Nov/16
El Salvador -435.57 Nov/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -112.57 Nov/16
Ethiopia -3254.50 Jun/16
Euro Area 25941.20 Nov/16
European Union 6900.10 Nov/16
Fiji -204403.00 Sep/16
Finland -150.00 Nov/16
France -4377.00 Nov/16
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -766.50 Dec/16
Germany 22618.00 Nov/16
Ghana -452.40 Sep/16
Greece -1554.80 Nov/16
Guatemala -691.30 Nov/16
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -556.90 Sep/16
Hong Kong -34053.00 Nov/16
Hungary 280000.00 Nov/16
Iceland -4400.00 Dec/16
India -10369.40 Dec/16
Indonesia 992.10 Dec/16
Iran 4258.00 Dec/15
Iraq 4397.00 Dec/15
Ireland 4044600.00 Nov/16
Israel -1442.80 Dec/16
Italy 4202.85 Nov/16
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan 153.00 Nov/16
Jordan -746551.00 Oct/16
Kazakhstan 1297.60 Nov/16
Kenya -73063.30 Oct/16
Kosovo -202700.00 Nov/16
Kuwait 1422.20 Sep/16
Kyrgyzstan -208.00 Nov/16
Laos -339.15 Jun/16
Latvia -122.10 Nov/16
Lebanon -1222.52 Oct/16
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 327117.00 Sep/16
Lithuania -26.10 Nov/16
Luxembourg -0.80 Oct/16
Macau -6026970.00 Nov/16
Macedonia -186849.00 Nov/16
Madagascar -234693.00 Sep/16
Malawi -53950.00 Mar/16
Malaysia 9030.00 Nov/16
Maldives -157.50 Sep/16
Mali -226.10 Sep/15
Malta -102800.00 Nov/16
Mauritania -79.64 Mar/16
Mauritius -8944.00 Nov/16
Mexico 200.00 Nov/16
Moldova -135.80 Nov/16
Monaco -104.50 Jun/16
Mongolia 362.30 Dec/16
Montenegro -132470.00 Nov/16
Morocco -13866.00 Nov/16
Mozambique -434.30 Sep/16
Myanmar -181.40 Apr/16
Namibia -6654.37 Sep/16
Nepal -80884.00 Jun/16
Netherlands 5544.00 Nov/16
New Caledonia -7307.00 Oct/16
New Zealand -704.62 Nov/16
Nicaragua -212.90 Sep/16
Niger -108402.00 Sep/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 23279.00 Dec/16
Oman 119.20 Jul/16
Pakistan -289139.00 Dec/16
Palestine -387.80 Nov/16
Panama -961388.00 Nov/16
Papua New Guinea 3223.00 Jun/16
Paraguay -453352.00 Dec/16
Peru 279.00 Nov/16
Philippines -2566000.00 Nov/16
Poland 102.00 Nov/16
Portugal -790.68 Nov/16
Puerto Rico 2801.60 Oct/16
Qatar 9630.00 Nov/16
Republic of the Congo 4092.35 Dec/10
Romania -865.50 Nov/16
Russia 9137.00 Nov/16
Rwanda -116.57 Nov/16
Sao Tome and Principe -29.78 Sep/16
Saudi Arabia 73133.00 Sep/16
Senegal -201.40 Nov/16
Serbia -320.40 Nov/16
Seychelles -44.02 Nov/16
Sierra Leone -52.89 Jun/16
Singapore 6120.70 Dec/16
Slovakia 287.00 Nov/16
Slovenia -15.23 Nov/16
Somalia -1473.48 Dec/15
South Africa -1091.85 Nov/16
South Korea 7000.00 Dec/16
South Sudan -104.70 Dec/15
Spain -1246304.00 Nov/16
Sri Lanka -922.00 Nov/16
Sudan -338394.00 Sep/16
Suriname 42.20 Sep/16
Swaziland 1037.15 Mar/16
Sweden -1100.00 Nov/16
Switzerland 3636.00 Nov/16
Syria 9394.50 Dec/10
Taiwan 4864.00 Dec/16
Tajikistan -188.00 Nov/16
Tanzania -88.90 Oct/16
Thailand 1540.00 Nov/16
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -992.50 Dec/16
Turkey -4113.35 Nov/16
Turkmenistan 2181.97 Dec/15
Uganda -131.90 Nov/16
Ukraine -235.50 Nov/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -4167.00 Nov/16
United States -45240.00 Nov/16
Uruguay -140377.00 Nov/17
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -494.00 Dec/16
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16