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.