The Euro Area trade surplus narrowed sharply to EUR 13.1 billion in September 2018 from EUR 25.3 billion in the same month of the previous year. Exports fell 1 percent while imports jumped 6.4 percent. Balance of Trade in the Euro Area averaged 5865.01 EUR Million from 1999 until 2018, reaching an all time high of 30079.40 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 Trade Surplus Narrows as Exports Fall

The Euro Area trade surplus narrowed sharply to EUR 13.1 billion in September 2018 from EUR 25.3 billion in the same month of the previous year.

Exports of goods to the rest of the world fell 1 percent to EUR 184.8 billion in September from last year's EUR 186.6 billion, while imports jumped 6.4 percent to EUR 171.7 billion from EUR 161.3 billion in September 2017. Intra-euro area trade increased 2.2 percent year-on-year to EUR 161.1 billion in September.

Considering the first three quarters of the year, the trade surplus narrowed to EUR 143.1 billion from EUR 169.2 billion in the same period of 2017, as exports grew 3.6 percent to EUR 1,686.0 billion and imports increased at a faster 5.8 percent to EUR 1,542.9 billion.

Meanwhile, the European Union posted a EUR 1.8 billion trade deficit in September, compared to a 2.0 billion surplus a year ago. Exports went up 2.5 percent to EUR 160.2 billion from EUR 156.3 billion in September 2017, and imports rose 5.0 percent to EUR 162.0 billion from EUR 154.3 billion. 

In January to September, the EU recorded a EUR 14.6 billion trade deficit, compared to a EUR 5.0 billion surplus in the same period of 2017. Imports rose 5.5 percent to EUR 1,461.5 billion, boosted by purchases of energy (24.0 percent), raw materials (3.2 percent), machinery and vehicles (2.8 percent), chemicals (2.4 percent) and other manufactured goods (2.3 percent). Meanwhile, imports of food and drink dropped 1.1 percent. Imports rose mainly from the US (1.3 percent), China (3.0 percent), Russia (15.1 percent), Turkey (8.1 percent) and Norway (13.5 percent), but declined from Switzerland (-3.8 percent). Exports went up at a softer 4.1 percent to EUR 1,446.9 billion, boosted by sales of energy (15.4 percent), chemicals (6.9 percent), other manufactured goods (3.5 percent), raw materials (2.7 percent) and machinery and vehicles (1.4 percent). By contrast, exports of food and drink fell 0.8 percent. Exports grew to the US (6.2 percent), China (5.9 percent), Switzerland (5.1 percent) and Norway (6.4 percent), but dropped to Russia (-0.8 percent) and Turkey (-1 percent).

Eurostat | Joana Ferreira |
11/15/2018 10:53:42 AM

Calendar GMT Actual Previous Consensus TEForecast
2018-09-14 09:00 AM Balance of Trade €17.6B €22.7B €18B €25.5B
2018-10-16 09:00 AM Balance of Trade €11.7B €17.6B €15.1B €17.9B
2018-11-15 10:00 AM Balance of Trade €13.1B €11.7B € 23.4B
2018-12-17 10:00 AM Balance of Trade €13.1B €12.7B

Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 13141.70 11987.60 30079.40 -16510.20 EUR Million [+]
Exports 184813.00 181579.50 205889.20 53045.90 EUR Million [+]
Imports 171671.30 169591.90 177622.30 55698.40 EUR Million [+]
Current Account 20.49 29.96 55.21 -28.62 EUR Billion [+]
Current Account to GDP 3.50 3.40 3.50 -1.50 percent [+]
External Debt 14295209.69 13810662.00 14295209.69 5501622.00 EUR Million [+]
Capital Flows 28.43 6.13 101.03 -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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
13141.70 11987.60 30079.40 -16510.20 1999 - 2018 EUR Million Monthly

Country Last
Argentina 314.00 Sep/18
Australia 3017.00 Sep/18
Brazil 6121.36 Oct/18
Canada -416.30 Sep/18
China 340.16 Oct/18
Euro Area 13141.70 Sep/18
France -5663.00 Sep/18
Germany 18395.00 Sep/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 2564.00 Aug/18
Japan 139.56 Sep/18
Mexico -194.00 Sep/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 3685.26 Sep/18
South Africa -2950.00 Sep/18
South Korea 6552.00 Oct/18
Spain -3057300.00 Aug/18
Switzerland 1447.00 Sep/18
Turkey -1869.47 Sep/18
United Kingdom -27.00 Sep/18
United States -54019.00 Sep/18