European Union recorded a trade deficit of 20722.60 EUR Million in November of 2022. source: EUROSTAT
Balance of Trade in European Union averaged 2508.73 EUR Million from 1999 until 2022, reaching an all time high of 29531.20 EUR Million in December of 2016 and a record low of -65613.90 EUR Million in August of 2022. 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 February of 2023.
Balance of Trade in European Union is expected to be 15500.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union Balance of Trade is projected to trend around 13400.00 EUR Million in 2024, according to our econometric models.