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.

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Euro Area Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
24811.60 13939.70 30614.30 -16418.80 1999 - 2020 EUR Million Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-14 09:00 AM Jun €21.2B €9.4B €12.6B €11B
2020-09-16 09:00 AM Jul €27.9B €20.2B €25.1B
2020-10-16 09:00 AM Aug €14.7B €27.7B €15.1B €15.1B
2020-11-13 10:00 AM Sep €24.8B €13.9B €22B €23.3B
2020-12-16 10:00 AM Oct €24.8B €32B
2021-01-15 10:00 AM Nov
2021-02-15 10:00 AM Dec
2021-03-18 10:00 AM Jan


News Stream
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
Eurozone Trade Surplus Widens Less than Expected
The Eurozone's trade surplus widened to EUR 14.7 billion in August 2020 from 14.4 billion in the same month of the previous year but below market expectations of a EUR 15.1 billion surplus. Imports dropped 13.5 percent to EUR 141.6 billion, due to lower purchases of mineral fuels, lubricants & related materials (-41.7%); machinery & transport equipment (-9.5%); miscellaneous manufactured articles (-8.9%); chemicals & related products (-12.4%); manufactured goods classified chiefly by material (-8.7%); crude materials, inedible, except fuels (-18.8%); and food, drinks and tobacco (-7.8%). Export fell 12.2% to EUR 156.3 billion, as sales went down for mineral fuels, lubricants & related materials (-41.3%); manufactured goods classified chiefly by material (-12.5%); machinery & transport equipment (-12.1%); miscellaneous manufactured articles (-12.9%); and crude materials, inedible, except fuels (-4.7%).
2020-10-16
Eurozone Trade Surplus Widens in July
The Euro Area trade surplus widened to EUR 27.9 billion in July 2020 from EUR 23.2 billion in the corresponding month of the previous year. Exports dropped 10.4 percent, led by lower sales of mineral fuels, lubricants and related materials (-41.6 percent), manufactured goods classified chiefly by material (-15.0 percent), machinery and transport equipment (-11.7 percent), miscellaneous manufactured articles (-11.7 percent), crude materials, inedible, except fuels (-7.0 percent) and chemicals and related products (-3.0 percent). Imports fell 14.3 percent, due to purchases of mineral fuels, lubricants and related materials (-42.1 percent), machinery and transport equipment (-11.4 percent), miscellaneous manufactured articles (-11.3 percent), chemicals and related products (-10.6 percent), manufactured goods classified chiefly by material (-10.5 percent), crude materials, inedible, except fuels (-12.2 percent), and food, drinks and tobacco (-7.9 percent).
2020-09-16
Eurozone Trade Surplus Widens More than Expected
The Eurozone's trade surplus widened to EUR 21.2 billion in June 2020 from EUR 19.36 billion in the corresponding month of the previous year and compared with market expectations of a 12.6 billion surplus. Imports plunge 12.2 percent to EUR 149.1 billion, as purchases fell for mineral fuels, lubricants & related materials; crude materials, inedible, except fuels; manufactured goods classified chiefly by material; raw materials; machinery & transport equipment and miscellaneous manufactured articles. Exports dropped 10 percent to EUR 170.3 billion, as sales went down for machinery & transport equipment; manufactured goods classified chiefly by material; miscellaneous manufactured articles; mineral fuels, lubricants & related materials (-35.8 percent); crude materials, inedible, except fuels (-8.6 percent) and raw materials (-6 percent). Considering the first half of the year, Eurozone’s trade surplus narrowed to EUR 85.9 billion from EUR 95.8 billion in the same period of 2019.
2020-08-14

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).