Euro Area Balance of Trade 1999-2018 | Data | Chart | Calendar | Forecast

The Euro Area trade surplus widened to EUR 26.3 billion in November 2017 from EUR 23.8 billion in the same month of the previous year, easily beating market expectations of EUR 22.4 billion. It was the largest trade surplus since March, as exports rose 7.7 percent to EUR 197.5 billion, while imports increased at a softer 7.3 percent to EUR 171.2 billion. In January to November, the trade surplus narrowed sharply to EUR 213.1 billion from EUR 237.7 billion in the same period of 2016. Balance of Trade in the Euro Area averaged 5396.92 EUR Million from 1999 until 2017, reaching an all time high of 30076.20 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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Eurozone Posts Largest Trade Surplus in 8 Months


The Euro Area trade surplus widened to EUR 26.3 billion in November 2017 from EUR 23.8 billion in the same month of the previous year, easily beating market expectations of EUR 22.4 billion. It was the largest trade surplus since March.

Exports of goods to the rest of the world jumped by 7.7 percent to EUR 197.5 billion from EUR 183.5 billion in November 2016, while imports advanced at a slower 7.3 percent to EUR 171.2 billion from EUR 159.6 billion. Intra-euro area trade rose to EUR 165.5 billion, up by 6.9 percent compared with November 2016.

In January to November, the trade surplus narrowed sharply to EUR 213.1 billion from EUR 237.7 billion in the same period of 2016, as imports grew 10.1 percent to EUR 1,796.5 billion and exports increased 7.5 percent to EUR 2,009.7 billion.

Meanwhile, the European Union trade surplus widened to EUR 8.0 billion in November from EUR 5.5 billion surplus a year ago. Exports went up 6.8 percent to EUR 167.2 billion from EUR 156.6 billion in November last year, and imports increased 5.4 percent to EUR 159.2 billion from EUR 151.1 billion.

In the first eleven months of the year, the trade surplus widened to EUR 12.1 billion from EUR 11.3 billion in the same period of 2016. Exports rose 8.7 percent to EUR 1,716.6 billion, boosted by sales of energy (33.2 percent); raw materials (18.3 percent); other manufactured goods (8.1 percent); machinery and vehicles (7.3 percent); chemicals (6.6 percent); and food and drink (5.7 percent). Shipments went up to the US (3.2 percent), China (18.4 percent), Switzerland (9.4 percent), Russia (20.2 percent) and Turkey (8.8 percent). Imports went up 8.7 percent to EUR 1,704.5 billion, boosted by purchases of energy (29.2 percent), raw materials (15.3 percent), machinery and vehicles (7 percent); other manufactured goods (6.3 percent); chemicals (5.1 percent); and food and drink (3.7 percent). Imports went up from the US (2.3 percent), China (8.5 percent) and Russia (23.4 percent), but fell from Switzerland (-9.8 percent).


Eurostat | Joana Ferreira |
1/15/2018 10:30:58 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-15 10:00 AM Balance of Trade €26.4B €15.5B €25.1B
2017-12-15 10:00 AM Balance of Trade €18.9B €26.2B €24.6B €25.1B
2018-01-15 10:00 AM Balance of Trade €26.3B €18.9B €22.4B €23.2B
2018-02-15 10:00 AM Balance of Trade €26.3B € 21.8B
2018-03-19 10:00 AM Balance of Trade € 20.9B
2018-04-13 09:00 AM Balance of Trade € 21.2B


Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 26272.60 18866.20 30076.20 -16510.20 EUR Million [+]
Exports 197508.20 187942.70 205336.50 53045.90 EUR Million [+]
Imports 171235.60 169076.40 176565.90 55698.40 EUR Million [+]
Current Account 37.83 35.39 55.50 -28.62 EUR Billion [+]
Current Account to GDP 3.30 3.20 3.30 -1.40 percent [+]
External Debt 13700905.11 13888577.58 14242703.75 5501622.07 EUR Million [+]
Capital Flows 36.23 40.50 85.30 -70.94 EUR Billion [+]
Gold Reserves 504.77 504.77 766.88 501.45 Tonnes [+]

Exports by Country | Exports by Category | Imports by Country | Imports by Category



Euro Area Balance of Trade

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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
26272.60 18866.20 30076.20 -16510.20 1999 - 2017 EUR Million Monthly
NSA




balance of trade by Country
Country Last
Australia -628.00 Nov/17
Brazil 4997.77 Dec/17
Canada -2540.40 Nov/17
China 546.85 Dec/17
Euro Area 26272.60 Nov/17
France -5692.00 Nov/17
Germany 23700.00 Nov/17
India -14880.19 Dec/17
Indonesia -270.00 Dec/17
Italy 4829.68 Nov/17
Japan 113.36 Nov/17
Mexico 399.21 Nov/17
Netherlands 6041.00 Nov/17
Russia 11515.00 Nov/17
South Korea 5783.00 Dec/17
Spain -1621000.00 Nov/17
Switzerland 2633.00 Nov/17
Turkey -6320.40 Nov/17
United Kingdom -2804.00 Nov/17
United States -50497.00 Nov/17


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