Eurozone's trade surplus widened to EUR 29.2 billion in December 2020 from EUR 22.6 billion in the corresponding month of the previous year and above market expectations of EUR 25.3 billion. Exports climbed 2.3 percent from a year earlier to EUR 190.7 billion while imports fell 1.3 percent to EUR 161.5 billion. Considering full 2020, Eurozone’s trade surplus rose to EUR 234.5 billion from EUR 221 billion in 2019, with exports falling 9.2 percent and imports dropping at a faster 10.8 percent as global trade was disrupted by the Covid-19 pandemic. source: EUROSTAT

Balance of Trade in the Euro Area averaged 7269.30 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 March of 2021.

Balance of Trade in Euro Area is expected to be 23000.00 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 14000.00 in 12 months time. In the long-term, the Euro Area Balance of Trade is projected to trend around 22000.00 EUR Million in 2022, according to our econometric models.

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Euro Area Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
29221.50 25700.50 30614.30 -16418.80 1999 - 2020 EUR Million Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-13 10:00 AM Sep €24.8B €13.9B €22B €23.3B
2020-12-16 10:00 AM Oct €30B €24.4B €28B
2021-01-15 10:00 AM Nov €25.8B €29.6B €26B €25B
2021-02-15 10:00 AM Dec €29.2B €25.8B €25.3B €23B
2021-03-18 10:00 AM Jan €29.2B
2021-04-16 09:00 AM Feb
2021-05-18 09:00 AM Mar € 26.5B
2021-06-15 09:00 AM Apr


News Stream
Eurozone Trade Surplus Widens in December
Eurozone's trade surplus widened to EUR 29.2 billion in December 2020 from EUR 22.6 billion in the corresponding month of the previous year and above market expectations of EUR 25.3 billion. Exports climbed 2.3 percent from a year earlier to EUR 190.7 billion while imports fell 1.3 percent to EUR 161.5 billion. Considering full 2020, Eurozone’s trade surplus rose to EUR 234.5 billion from EUR 221 billion in 2019, with exports falling 9.2 percent and imports dropping at a faster 10.8 percent as global trade was disrupted by the Covid-19 pandemic.
2021-02-15
Eurozone Trade Surplus Widens in November
Eurozone's trade surplus widened to EUR 25.79 billion in November 2020, from EUR 20.15 billion in the same period last year and compared with market expectations of EUR 26.0 billion. Exports fell 1.0 percent to EUR 197 billion and imports dropped at a faster 4.2 percent to EUR 171 billion.
2021-01-15
Eurozone Trade Surplus Widens in October
The Eurozone's trade surplus widened to EUR 30 billion in October 2020 from EUR 27.2 billion in the corresponding month of the previous year. Exports tumbled 9% to EUR 199.3 billion, due to mineral fuels, lubricants & related materials (-38.3%); machinery & transport equipment (-9.8%) and manufactured goods classified chiefly by material (-7.7%). Imports declined at a faster 11.7% to EUR 169.3 billion, due to mineral fuels, lubricants & related materials (-37.9%); beverages and tobacco (-13.7%) and machinery & transport equipment (-12.3%). Considering the first ten months of the year, the trade surplus widened to EUR 180.1 billion from EUR 178.2 billion as exports slipped 11.1 percent and imports dropped 12.4 percent due to the coronavirus crisis. China was the main partner for the EU due to an increase of imports (+3.4%) while exports remained almost unchanged. Trade with the US recorded a significant drop in both imports (-13.0%) and exports (-10.2%).
2020-12-16
Eurozone Trade Surplus Widens More than Expected
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 year-on-year 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%).
2020-11-13

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).