The Eurozone trade surplus narrowed to EUR 7.5 billion in May of 2021 from EUR 8.9 billion in the same month last year. Exports rose 31.9 percent from a year earlier to EUR 188.2 billion while imports advanced at a faster 35.2% to EUR 180.7 billion. Considering the first five months of the year, Eurozone’s trade surplus widened to EUR 79.9 billion from EUR 66.1 billion a year earlier, as exports climbed 13.3 percent and imports increased 12.7 percent. source: EUROSTAT
Balance of Trade in the Euro Area averaged 7412.46 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 July of 2021.
Balance of Trade in Euro Area is expected to be 26700.00 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 32000.00 EUR Million in 2022 and 31000.00 EUR Million in 2023, according to our econometric models.