European Union recorded a trade surplus of 7943.60 EUR Million in May of 2021. source: EUROSTAT
Balance of Trade in European Union averaged 4298.20 EUR Million from 1999 until 2021, reaching an all time high of 30011.90 EUR Million in December of 2020 and a record low of -20050.10 EUR Million in January of 2008. This page provides the latest reported value for - European Union Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. European Union Balance of Trade - values, historical data and charts - was last updated on July of 2021.
Balance of Trade in European Union is expected to be 23300.00 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 European Union to stand at 19100.00 in 12 months time. In the long-term, the European Union Balance of Trade is projected to trend around 32700.00 EUR Million in 2022, according to our econometric models.