Euro Area Balance of Trade 1999-2015 | Data | Chart | Calendar | Forecast

Euro Area recorded a trade surplus of 18800 EUR Million in May of 2015. Balance of Trade in the Euro Area averaged 3111.88 EUR Million from 1999 until 2015, reaching an all time high of 24941.50 EUR Million in April of 2015 and a record low of -16748.10 EUR Million in January of 2011. Balance of Trade in the Euro Area is reported by the Eurostat.

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Euro Area Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
18800.00 24941.50 24941.50 -16748.10 1999 - 2015 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. Content for - Euro Area Balance of Trade - was last refreshed on Wednesday, July 29, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-19 10:00 AM Mar €23.4B €20.3B €22.3B € 15.7B
2015-06-15 10:00 AM Apr €24.9B €22.9B (R) € 20.6B
2015-07-16 10:00 AM May €18.8B €24.9B € 20.8B
2015-08-17 10:00 AM Jun €18.8B € 19.2B
2015-09-15 10:00 AM Jul € 22.7B
2015-10-16 10:00 AM Aug € 12.2B


Euro Area Trade Surplus Widens in May


The Eurozone trade surplus increased to € 18.8 billion in May of 2015 from a € 14.7 billion surplus a year earlier, as exports of goods were up 3 percent while imports were stable.

Euro Area exports reached € 164.4 billion and imports stood at € 145.6 billion. Intra-euro area trade rose 1 percent year-on-year.

Considering the first five months of 2015, exports of goods rose to € 828.9 billion (+5 percent over a year earlier), while imports increased to €734.0 billion (+1 percent).

In the European Union, exports were recorded at €145.8 billion in March, up 4 percent year-on-year. Imports stood at €139.5 billion, down 1 percent, thus resulting in a € 6.3 billion trade surplus. 

In the first five months of 2015, EU exports rose to € 728.5 billion (+6 percent compared to January-March 2014) while imports increased to € 708.4 billion (+2 percent over a year earlier).

While shipments of manufactured goods rose 8 percent, boosted by chemicals, machinery and vehicles products; primary goods sales fell 7 percent, driven by a 23 percent fall in the energy sector. Exports to the United State, South Korea and India recorded the highest increase (+22 percent; +18 percent; and + 17 percent, respectively) while sales to Russia decreased the most (-34 percent), followed by Brazil (-6 percent).

Among imports, purchases of manufactured goods expanded 14 percent, while acquisition of primary goods fell 18 percent due to lower demand in the energy market (-26 percent). Imports from the US, China and Turkey grew 24 percent, 19 percent and 12 percent, respectively. At the same time imports from Russia (-29 percent) and Norway (-15 percent) contracted the most. 

Eurostat | joana.ferreira@tradingeconomics.com
7/16/2015 10:20:01 AM


Recent Releases

Euro Area Trade Surplus at Record High
The trade surplus in the Eurozone increased to €24.9 billion in April of 2015 from a € 14.9 billion surplus a year earlier. It is the highest surplus on record, due to a 9 percent surge in exports.
Published on 2015-06-15

Euro Area Trade Surplus Widens in March
The Eurozone trade surplus increased to € 23.4 billion in March of 2015 from a € 16.1 billion surplus a year earlier, as exports of goods were up 11 percent and imports grew at a slower 7 percent.
Published on 2015-05-19

Euro Area Trade Surplus Widens in February
The Eurozone trade surplus increased to € 20.3 billion in February of 2015 from a revised € 7.6 billion in January and a € 14.4 billion surplus a year earlier. Exports rose 4 percent year-on-year helped by a weak Euro while imports were flat.
Published on 2015-04-15

Euro Area Trade Surplus Widens in January
The trade surplus in Eurozone increased to €7.9 billion in the first month of 2015 from a €0.83 billion surplus a year earlier. While exports showed no growth, imports fell 6 percent.
Published on 2015-03-18


Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 18800.00 24941.50 24941.50 -16748.10 EUR Million [+]
Exports 164400.00 173646.00 182314.00 53045.90 EUR Million [+]
Imports 139500.00 148705.00 161445.00 55698.40 EUR Million [+]
Current Account 3.41 21.98 35.79 -30.73 EUR Billion [+]
Current Account to GDP 2.10 1.90 2.10 -1.60 percent [+]
External Debt 12632781.36 12093086.83 12632781.36 5501622.07 EUR Million [+]
Capital Flows 28.42 -16.99 110.25 -107.58 EUR Billion [+]
Gold Reserves 504.77 503.19 766.88 501.45 Tonnes [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2751.00 May/15 -4136.00 2254.00 -4136.00 AUD Million [+]
Brazil 4527.00 Jun/15 2761.00 5659.37 -4058.14 USD Million [+]
Canada -3339.60 May/15 -2992.00 8524.80 -3853.00 CAD Million [+]
China 465.36 Jun/15 588.67 606.19 -319.71 USD Hundred Million [+]
Euro Area 18800.00 May/15 24941.50 24941.50 -16748.10 EUR Million [+]
France -4020.00 May/15 -3310.00 2674.00 -7086.00 EUR Million [+]
Germany 19600.00 May/15 21900.00 23468.80 -535.91 EUR Million [+]
India -10830.00 Jun/15 -10406.20 258.90 -20210.90 USD Million [+]
Indonesia 477.00 Jun/15 1076.60 4641.92 -2329.13 USD Million [+]
Italy 4184.00 May/15 3728.00 6923.00 -6389.30 EUR Million [+]
Japan -69.00 Jun/15 -217.18 1608.67 -2795.04 JPY Billion [+]
Mexico -749.00 Jun/15 -1017.00 1710.25 -3292.30 USD Million [+]
Netherlands 3191.00 May/15 5434.70 6211.40 -907.60 EUR Million [+]
Russia 15309.00 May/15 15037.00 20356.00 -185.00 USD Million [+]
South Korea 10243.00 Jun/15 6300.98 10243.00 -4043.45 USD Million [+]
Spain -1657308.00 May/15 -2253100.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3578.49 Jun/15 3408.61 3894.91 -1478.68 CHF million [+]
Turkey -6753.00 May/15 -4966.00 24.51 -10453.06 USD Million [+]
United Kingdom -393.00 May/15 -1834.00 2946.00 -5397.00 GBP Million [+]
United States -41871.00 May/15 -40698.00 1946.00 -67823.00 USD Million [+]