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

The Euro Area trade surplus narrowed to EUR 16.5 billion in May 2018 from EUR 19.3 billion in the same month of the previous year. The latest figure came in well below market expectations of a EUR 20.9 billion surplus due to a 0.8 percent drop in exports, while imports rose 0.7 percent. Balance of Trade in the Euro Area averaged 5686.34 EUR Million from 1999 until 2018, reaching an all time high of 30074.90 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 Below Forecasts as Exports Fall


The Euro Area trade surplus narrowed to EUR 16.5 billion in May 2018 from EUR 19.3 billion in the same month of the previous year. The latest figure came in well below market expectations of a EUR 20.9 billion surplus due to a drop in exports.

Exports of goods to the rest of the world declined 0.8 percent to EUR 189.6 billion in May from last year's EUR 191.2 billion, while imports rose 0.7 percent to EUR 173.1 billion from EUR 171.9 billion in May 2017. Intra-euro area trade increased 0.5 percent year-on-year to EUR 162.3 billion in May.

Considering the first five months of the year, the trade surplus widened to EUR 80.0 billion from EUR 78.0 billion in the same period of 2017, as exports grew 2.8 percent to EUR 927.6 billion and imports increased 2.8 percent to EUR 847.6 billion.

Meanwhile, the European Union trade surplus narrowed to EUR 0.2 billion in May from EUR 2.3 billion a year ago. Exports fell 2.7 percent to EUR 160.9 billion from EUR 165.4 billion in May 2017, and imports declined 1.4 percent to EUR 160.7 billion from EUR 163.0 billion. 

In January to May, the EU trade deficit increased to EUR 9.1 billion from EUR 8.1 billion in the same period of 2017. Imports rose 1.6 percent to EUR 795.7 billion, boosted by purchases of energy (10.4 percent), other manufactured goods (0.6 percent), and machinery and vehicles (0.5 percent). Meanwhile, imports fell for food and drink (-2.9 percent), chemicals (-1.3 percent) and raw materials (-0.6 percent). Imports rose mainly from China (0.7 percent), Russia (5.5 percent) and Turkey (7.4 percent), but declined from the US (-3.1 percent) and Switzerland (-3.5 percent). Exports went up at a softer 1.5 percent to EUR 786.6 billion, boosted by higher sales of chemicals (5.2 percent), energy (4.8 percent) and other manufactured goods (3.1 percent). By contrast, exports dropped for food and drink (-1.4 percent) and machinery and vehicles (-0.3 percent) while those of raw materials were unchanged. Exports grew to the US (2.1 percent), China (2.5 percent), Russia (1.8 percent) and Turkey (10.4 percent), but dropped to Switzerland (-3.7 percent).


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/16/2018 9:32:25 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-18 09:00 AM Balance of Trade €26.9B €18.9B €27.9B €31.0B
2018-06-15 09:00 AM Balance of Trade €16.7B €26.9B €14.2B €19.2B
2018-07-16 09:00 AM Balance of Trade €16.5B €16.7B €20.9B €23.6B
2018-08-16 09:00 AM Balance of Trade €16.5B € 29B
2018-09-14 09:00 AM Balance of Trade €25.5B
2018-10-16 09:00 AM Balance of Trade €17.9B


Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 16514.10 16685.80 30074.90 -16510.20 EUR Million [+]
Exports 189592.50 183151.70 205923.60 53045.90 EUR Million [+]
Imports 173078.50 166465.80 177365.90 55698.40 EUR Million [+]
Current Account 26.20 41.33 55.21 -28.62 EUR Billion [+]
Current Account to GDP 3.50 3.40 3.50 -1.50 percent [+]
External Debt 13514526.00 13740658.00 14231805.00 5501622.00 EUR Million [+]
Capital Flows -5.85 86.19 101.03 -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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
16514.10 16685.80 30074.90 -16510.20 1999 - 2018 EUR Million Monthly
NSA




balance of trade by Country
Country Last
Australia 827.00 May/18
Brazil 5881.58 Jun/18
Canada -2771.20 May/18
China 416.13 Jun/18
Euro Area 16514.10 May/18
France -6005.00 May/18
Germany 19669.00 May/18
India -16600.00 Jun/18
Indonesia 1742.60 Jun/18
Italy 3377.54 May/18
Japan -578.32 May/18
Mexico -1587.00 May/18
Netherlands 5030.00 May/18
Russia 15151.00 May/18
South Korea 6331.21 Jun/18
Spain -3050045.00 Apr/18
Switzerland 2255.00 May/18
Turkey -7759.34 May/18
United Kingdom -2790.00 May/18
United States -43053.00 May/18


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