Imports to the Euro Area plunged 10.0 percent from a year earlier to EUR 165.0 billion in March 2020 as the coronavirus pandemic hit demand. There were lower purchases of machinery and transport equipment (-11.1 percent), miscellaneous manufactured articles (-12.8 percent) and manufactured goods classified chiefly by material (-12.7 percent).
Imports in the Euro Area averaged 124885.27 EUR Million from 1999 until 2020, reaching an all time high of 196186.20 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. Euro Area Imports - values, historical data and charts - was last updated on May of 2020. source: Eurostat
Imports in Euro Area is expected to be 155000.00 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 172500.00 in 12 months time. In the long-term, the Euro Area Imports is projected to trend around 165000.00 EUR Million in 2021 and 172000.00 EUR Million in 2022, according to our econometric models.