The Eurozone trade surplus widened to EUR 20.72 billion in November 2019 from EUR 18.19 billion in the same month last year, below market expectations of EUR 23.3 billion. Exports dropped 2.9 percent, due mostly to falling sales of machinery & transport equipment, manufactured goods, and mineral fuels, lubricants & related materials. In contrast, there were increases in exports of chemicals & related products, miscellaneous manufactured articles, and food & live animals. Among key trade partners, exports were down to the US, the UK and China. Meanwhile, imports plunged 4.6 percent, mainly due to lower purchases of machinery & transport equipment, mineral fuels, lubricants & related materials, miscellaneous manufactured articles, and chemicals & related products. Imports declined from almost all trade partners, in particular from China, the US and the UK.

Balance of Trade in the Euro Area averaged 6664.78 EUR Million from 1999 until 2019, reaching an all time high of 30614.30 EUR Million in July of 2015 and a record low of -16297.90 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. source: Eurostat

Balance of Trade in Euro Area is expected to be 19900.00 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 7000.00 in 12 months time. In the long-term, the Euro Area Balance of Trade is projected to trend around 13000.00 EUR Million in 2020, according to our econometric models.


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Euro Area Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
20720.40 27619.20 30614.30 -16297.90 1999 - 2019 EUR Million Monthly
NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-16 09:00 AM Aug €14.7B €24.5B €17.5B €12.5B
2019-11-15 10:00 AM Sep €18.7B €14.7B €17.5B €16.8B
2019-12-17 10:00 AM Oct €28B €18.7B €17B €15.4B
2020-01-15 10:00 AM Nov €20.7B €28B €23.3B €19.9B
2020-02-14 10:00 AM Dec €20.7B €8B


News Stream
2019-12-17
Eurozone Posts Largest Trade Surplus in Over 2-1/2-Years
The Euro Area trade surplus widened sharply to EUR 28 billion in October 2019 from EUR 13.2 billion in the corresponding month of the previous year and beating market expectations of EUR 17 billion. It was the largest trade surplus since March 2017, as exports rose 4.1 percent from a year earlier to EUR 217.9 billion while imports fell 3.2 percent to EUR 189.9 billion.

2019-11-15
Eurozone Trade Surplus Larger than Expected
The Euro Area trade surplus rose to EUR 18.7 billion in September 2019 from EUR 12.6 billion in the corresponding month of the previous year and above market expectations of EUR 17.5 billion. Exports climbed 5.2 percent from a year earlier to EUR 196.2 billion while imports rose at a softer 2.1 percent to EUR 177.6 billion.

2019-10-16
Euro Area Trade Surplus Below Expectations
The Euro Area trade surplus rose to EUR 14.7 billion in August 2019 from EUR 11.9 billion in the corresponding month of the previous year but below market expectations of EUR 17.5 billion. Exports fell 2.2 percent from a year earlier to EUR 177.4 billion and imports slumped 4.1 percent to EUR 162.6 billion. Both, exports and imports fell to their lowest level since December 2018.

2019-09-13
Eurozone Trade Surplus Largest in Over a Year
The Euro Area trade surplus widened to EUR 24.8 billion in July 2019 from EUR 16.9 billion in the corresponding month of the previous year and beating market expectations of EUR 17.4 billion. It was the largest trade surplus since March last year, as exports rose 6.2 percent and imports increased at a softer 2.3 percent.

2019-08-16
Eurozone Trade Surplus Narrows Less than Expected
The Euro Area trade surplus narrowed to EUR 20.6 billion in June 2019 from EUR 22.6 billion in the corresponding month of the previous year and easily beating market forecasts of a EUR 16.3 billion surplus.

2019-07-16
Eurozone Trade Surplus Larger than Expected
The Euro Area trade surplus widened to EUR 23.0 billion in May 2019 from EUR 16.9 billion in the corresponding month of the previous year and easily beating market forecasts of a EUR 16.3 billion surplus. Exports went up 7.1 percent from a year earlier and imports advanced at a slower 4.2 percent.


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).

Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 20720.40 27619.20 30614.30 -16297.90 EUR Million [+]
Current Account 36.59 44.39 51.10 -33.54 EUR Billion [+]
Current Account to GDP 3.10 3.10 3.20 -1.50 percent [+]
Imports 177024.80 190875.90 196134.30 55698.40 EUR Million [+]
Exports 197745.20 218495.10 218495.10 53045.90 EUR Million [+]
External Debt 15089197.68 14695492.50 15089197.68 5501622.00 EUR Million [+]
Capital Flows 41.59 62.44 81.77 -86.64 EUR Billion [+]
Gold Reserves 504.77 504.80 766.88 501.45 Tonnes [+]