Eurozone's trade surplus narrowed to EUR 17.7 billion in February of 2021 from EUR 23.4 billion in the corresponding month of the previous year. Exports fell 5.5 percent from a year earlier to EUR 178.6 billion while imports declined at a softer 2.7 percent to EUR 161 billion. Considering the first two months of the year, Eurozone’s trade surplus rose to EUR 28.7 billion from EUR 25 billion a year earlier as exports went down 7.2 percent and imports fell 8.7 percent. The monthly report also showed that the EU’s trade surplus with the UK went up to EUR 23.2 billion in the first two months of the year from EUR 18.6 billion, as exports fell 20.2 percent while imports tumbled 47 percent following the UK exit from the EU single market. source: EUROSTAT
Balance of Trade in the Euro Area averaged 7322.89 EUR Million from 1999 until 2021, 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 May of 2021.
Balance of Trade in Euro Area is expected to be 26500.00 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 22000.00 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 and 23000.00 EUR Million in 2023, according to our econometric models.