The Eurozone's trade surplus widened to EUR 24.8 billion in September 2020 from 18.4 billion in the corresponding month of the previous year and above market expectations of a EUR 22 billion surplus. Imports declined 7.1 percent to EUR 165.5 billion, due to lower purchases of mineral fuels, lubricants & related materials (-41%); manufactured goods classified chiefly by material (-5.5%); chemicals & related products (-4.8%); machinery & transport equipment (-4.4%); miscellaneous manufactured articles (-1.7%); crude materials, inedible, except fuels (-1.9%); and food, drinks and tobacco (-2.8%). Export dropped at a softer 3.1 percent to EUR 190.3 billion, as sales decreased for mineral fuels, lubricants & related materials (-43%); manufactured goods classified chiefly by material (-4.3%); machinery & transport equipment (-2.6%); and miscellaneous manufactured articles (-2.8%). source: Eurostat
Balance of Trade in the Euro Area averaged 7030.93 EUR Million from 1999 until 2020, reaching an all time high of 30614.30 EUR Million in July of 2015 and a record low of -16418.80 EUR Million in January of 2011. 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Balance of Trade in Euro Area is expected to be 22000.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Euro Area to stand at 22700.00 in 12 months time. In the long-term, the Euro Area Balance of Trade is projected to trend around 31000.00 EUR Million in 2021 and 26000.00 EUR Million in 2022, according to our econometric models.