Imports to the Euro Area slumped 4.6 percent from a year earlier to EUR 177.0 billion in November 2019, due to lower purchases of machinery and transport equipment (-2.9 percent), mineral fuels, lubricants and related materials (-12.5 percent), miscellaneous manufactured articles (-2.0 percent), chemicals and related products, n.e.s. (-2.1 percent), manufactured goods classified chiefly by material (-14.1 percent), and food and live animals (-3.6 percent). Among key trade partners, imports were down from China (-3.3 percent), the US (-4.1 percent), the UK (-4.7 percent), Switzerland (-0.9 percent), Russia (-17.7 percent), Turkey (-0.2 percent), Japan (-1.7 percent), South Korea (-4.0 percent), Norway (-22.7 percent) and India (-4.1 percent). Imports from Canada increased 11.5 percent.
Imports in the Euro Area averaged 124165.91 EUR Million from 1999 until 2019, reaching an all time high of 196134.30 EUR Million in October of 2018 and a record low of 55698.40 EUR Million in January of 1999. This page provides the latest reported value for - Euro Area Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Eurostat
Imports in Euro Area is expected to be 178100.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Euro Area to stand at 172000.00 in 12 months time. In the long-term, the Euro Area Imports is projected to trend around 175000.00 EUR Million in 2020, according to our econometric models.