Euro Area Imports

Euro Area imports (non seasonally adjusted data) were worth 156.3 Billion EUR in March of 2012. Historically, from 1999 until 2012, Euro Area Imports averaged 104669.0800 Million EUR reaching an all time high of 156451.3000 Million EUR in March of 2011 and a record low of 55613.2000 Million EUR in January of 1999. The Euro Area refers to a currency union among the seventeen European Union member states that have adopted the euro as their sole official currency. Euro Area main imports partners are China, United Kingdom, United States, Russia and Japan. This page includes a chart with historical data for Euro Area Imports.

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Imports
An import is any good or service brought into one country from another country in a legitimate fashion, typically for use in trade. Import goods or services are provided to domestic consumers by foreign producers. An import in the receiving country is an export to the sending country. Imports, along with exports, form the basis of international trade. Import of goods normally requires involvement of the Customs authorities in both the country of import and the country of export and are often subject to import quotas, tariffs and trade agreements. when the "imports" are the set of goods and services imported, "Imports" also means the economic value of all goods and services that are imported. The macroeconomic variable I usually stands for the value of these imports over a given period of time, usually one year.

EURO AREA NEWS

Euro Area External Trade Surplus Widens in March
Published: 5/16/2012 2:52:37 PM By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in March 2012 gave a 8.6 bn euro surplus, compared with +1.0 bn in March 2011. The February 2012 balance was +2.3 bn, compared with -2.9 bn in February 2011. In March 2012 compared with February 2012, seasonally adjusted exports fell by 0.9% and imports by 1.1%.

Euro Area Annual Inflation Down to 2.6%
Published: 5/16/2012 2:50:32 PM By: TradingEconomics.com, Eurostat
Euro Area annual inflation was 2.6% in April 2012, down from 2.7% in March. A year earlier the rate was 2.8%. Monthly inflation was 0.5% in April 2012.

Euro Area unemployment rate at 10.9%
Published: 5/3/2012 6:38:28 PM By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 10.9% in March 2012, compared with 10.8% in February. It was 9.9% in March 2011. The EU27 unemployment rate was 10.2% in March 2012, stable compared with February. It was 9.4% in March 2011.

ECB Keeps Monetary Policy Unchanged
Published: 5/3/2012 1:59:37 PM By: TradingEconomics.com, ECB
At the meeting on May 3rd, the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1.00%, 1.75% and 0.25% respectively.

Euro Area Reports Trade Surplus in February
Published: 4/18/2012 12:14:10 PM By: TradingEconomics.com, Eurostat
The first estimate for the euro area1 (EA17) trade in goods balance with the rest of the world in February 2012 gave a 2.8 bn euro surplus, compared with -2.8 bn in February 2011. The January 20122 balance was -7.9 bn, compared with -16.1 bn in January 2011.

Euro Area Annual Inflation Stable at 2.7%
Published: 4/18/2012 11:41:55 AM By: TradingEconomics.com, Eurostat
Euro Area annual inflation was 2.7% in March 2012, unchanged compared with February. A year earlier the rate was 2.7%. Monthly inflation was 1.3% in March 2012.

ECB leaves Interest Rates Unchanged
Published: 4/4/2012 3:02:21 PM By: TradingEconomics.com, ECB
The European Central Bank left interest rates unchanged as policy makers balance the threat of inflation in Germany against the need to fight the sovereign debt crisis.

Euro Area Unemployment Rate at 10.8%
Published: 4/2/2012 11:14:35 AM By: TradingEconomics.com, Eurostat
The euro area (EA17) seasonally-adjusted unemployment rate was 10.8% in February 2012, compared with 10.7% in January. It was 10.0% in February 2011.

Euro Area Reports Trade Deficit in January
Published: 3/16/2012 5:31:44 PM By: TradingEconomics.com, Eurostat
The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in January 2012 gave a 7.6 bn euro deficit, compared with -16.1 bn in January 2011.

Euro Area Annual Inflation Stable at 2.7%
Published: 3/14/2012 3:52:19 PM By: TradingEconomics.com, Eurostat
Euro area annual inflation was 2.7% in February 2012, unchanged compared with January. A year earlier the rate was 2.4%. Monthly inflation was 0.5% in February 2012.

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