European Union recorded a trade deficit of 12055 EUR Million in August of 2019. Balance of Trade in European Union averaged -7326.53 EUR Million from 1999 until 2019, reaching an all time high of 21466.40 EUR Million in December of 2016 and a record low of -34765.70 EUR Million in January of 2008.
Balance of Trade in European Union is expected to be 4900.00 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 9200.00 in 12 months time. In the long-term, the European Union Balance of Trade is projected to trend around 5100.00 EUR Million in 2020, according to our econometric models.