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Euro Area Balance of Trade

Last Release
Jul 2021
Actual
20721.2 EUR Million
Forecast
16.4 EUR Million
Previous
18140.7 EUR Million
Frequency
Monthly
Units In
EUR Million
Next Release
Oct 15, 2021
Time to Release
25 Days 20 Hours
Highest
Lowest
Average
Date Range
Source
30614.3 EUR Million
Jul 2015
-16418.8 EUR Million
Jan 2011
7,489.86 EUR Million1999 - 2021Eurostat
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).

Latest Updates

The Eurozone trade surplus narrowed to EUR 20.7 billion in July 2021, from EUR 26.8 billion in the same period last year, as global demand continued to consolidate its recovery from the COVID-19 pandemic hit. Exports rose 11.4 percent, boosted by sales of raw materials (29.8 percent) such as crude materials and fuels and lubricants; and manufactured goods (9.3 percent) on the back of chemicals and related products. Among major trade partners, exports were up to Russia (19.1 percent), the US (9.7 percent), the UK (6.9 percent) and Switzerland (9.9 percent), but fell to China (-0.9 percent). Imports grew at a faster 17.1 percent, led by a jump in purchases of crude materials (45.7 percent) and fuels and lubricants (79.3 percent). Imports of manufactured goods also rose 7.8 percent. Imports were up from Russia (75.0 percent), the US (14.5 percent), Switzerland (4.2 percent) and China (1.2 percent), but declined from the UK (-8.7 percent).

Euro Area Balance of Trade History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Sep 16, 202109:25Eurozone Trade Surplus Narrows in July
Aug 13, 202109:30Eurozone Trade Surplus Narrows in June
Jul 16, 202109:06Eurozone Trade Surplus Shrinks in May
Dec 17, 201910:25Eurozone Posts Largest Trade Surplus in Over 2-1/2-Years
Nov 15, 201910:17Eurozone Trade Surplus Larger than Expected
Oct 16, 201909:34Euro Area Trade Surplus Below Expectations
Sep 13, 201909:26Eurozone Trade Surplus Largest in Over a Year

Euro Area trade Indicators

All Euro Area indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Balance of Trade
20,721.2
Jul 2021
18,140.7
Jun 2021
-16,418.8
Jan 2011
30,614.3
Jul 2015
EUR MillionMonthly1999 - 2021
Capital Flows
2.95
Jul 2021
60.14
Jun 2021
-86.64
May 2017
85.3
Dec 2020
EUR BillionMonthly1999 - 2021
Current Account
30.2
Jul 2021
23.96
Jun 2021
-33.54
Jan 2008
51.9
Dec 2020
EUR BillionMonthly1999 - 2021
Current Account to GDP
3
Dec 2020
3.1
Dec 2019
-1.5
Dec 2008
3.2
Dec 2016
% of GDPYearly1999 - 2020
Exports
206,008.4
Jul 2021
209,897.6
Jun 2021
53,045.9
Jan 1999
218,689.9
Oct 2019
EUR MillionMonthly1999 - 2021
External Debt
15,416,326.83
Mar 2021
14,846,540.52
Dec 2020
5,501,622
Mar 2004
15,416,326.83
Mar 2021
EUR MillionQuarterly2004 - 2021

Balance of Trade across Europe

Balance of Trade global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
-37,098.8
Aug 2021
-39,485.3
Jul 2021
-39,485.3
Jul 2021
-974.05
Apr 1997
ALL MillionMonthly1993 - 2021
Armenia
-198.9
Jul 2021
-127.5
Jun 2021
-440
Dec 2019
-33.98
Aug 2003
USD MillionMonthly2003 - 2021
Austria
-258
Dec 2019
-264
Nov 2019
-1,256
Apr 1991
581
Nov 2014
EUR MillionMonthly1953 - 2019
Belarus
-58.3
Jul 2021
42.1
Jun 2021
-1,414.9
Nov 2010
466.7
Mar 2012
USD MillionMonthly2000 - 2021
Belgium
4,381
Jul 2021
2,914.1
Jun 2021
-1,026.6
Aug 2008
4,381
Jul 2021
EUR MillionMonthly1993 - 2021
Bosnia and Herzegovina
-628,067.25
Jul 2021
-350,737
Jun 2021
-990,987.59
Dec 2005
-254,261.89
Oct 2000
BAM ThousandMonthly2000 - 2021

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