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.

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Euro Area Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
17652.20 11017.80 30614.30 -16418.80 1999 - 2021 EUR Million Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-15 10:00 AM Nov €25.8B €29.6B €26B €25B
2021-02-15 10:00 AM Dec €29.2B €25.8B €25.3B €23B
2021-03-18 10:00 AM Jan €6.3B €29.4B €19.1B
2021-04-16 09:00 AM Feb €17.7B €11B €24B
2021-05-18 09:00 AM Mar €17.7B € 26.5B
2021-06-15 09:00 AM Apr
2021-07-16 09:00 AM May
2021-08-13 09:00 AM Jun € 18.2B


News Stream
Eurozone Trade Surplus Shrinks in February
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.
2021-04-16
Eurozone Trade Surplus Widens in January
Eurozone's trade surplus widened to EUR 6.3 billion in January of 2020 from EUR 1.6 billion in the corresponding month of the previous year. Still, it was the smallest trade surplus since last April, linked to the reintroduction of coronavirus restrictions in several European countries. Imports declined 14.1 percent from a year earlier to a five-month low of EUR 156.8 billion, amid lower purchases of mineral fuels, lubricants & related materials (-30.5%); food & beverages (-16.8%) and machinery & transport equipment (-10%). Meantime, exports fell at a softer 11.4 percent to a five-month low of EUR 163.1 billion, mainly due to reduced sales of mineral fuels, lubricants & related materials (-30.9%); machinery & transport equipment (-14.5%) and manufactured goods (-11.2%). China was the main partner for the EU due to an increase of exports (+9.4%) while imports decreased (-2.2%). Trade with the US recorded a significant drop in both imports (-27.5%) and exports (-9.4%).
2021-03-18
Eurozone Trade Surplus Widens in December
Eurozone's trade surplus widened to EUR 29.2 billion in December 2020 from EUR 22.6 billion in the corresponding month of the previous year and above market expectations of EUR 25.3 billion. Exports climbed 2.3 percent from a year earlier to EUR 190.7 billion while imports fell 1.3 percent to EUR 161.5 billion. Considering full 2020, Eurozone’s trade surplus rose to EUR 234.5 billion from EUR 221 billion in 2019, with exports falling 9.2 percent and imports dropping at a faster 10.8 percent as global trade was disrupted by the Covid-19 pandemic.
2021-02-15
Eurozone Trade Surplus Widens in November
Eurozone's trade surplus widened to EUR 25.79 billion in November 2020, from EUR 20.15 billion in the same period last year and compared with market expectations of EUR 26.0 billion. Exports fell 1.0 percent to EUR 197 billion and imports dropped at a faster 4.2 percent to EUR 171 billion.
2021-01-15

Euro Area Balance of Trade
Euro Area runs regular trade surpluses primarily due to its high export of manufactured goods such as machinery and vehicles. Euro area is a net importer of energy and raw materials. Germany, Italy, France and Netherlands account for the largest share of total trade. Main trading partners are the United Kingdom (12 percent of total exports and 10 percent of imports) and the United States (13 percent of exports and 6 percent of imports).