The Euro Area recorded a trade deficit of EUR 24.6 billion in June of 2022, marking the eighth consecutive gap, above market estimates of a EUR 20 billion deficit and swinging from a surplus of EUR 17.3 billion in the corresponding month of the previous year. Imports surged by 43.5 percent to EUR 276.8 billion, largely due to surging energy costs, while exports rose at a slower 20.1 percent to EUR 210 billion. The European Union posted a trade gap of EUR 200.7 billion in the first half of the year, compared to the surplus of EUR 83.2 billion from the corresponding period of the previous year. Purchases surged by 48.9 percent to EUR 1,438 million, led by a 151.1 percent rise in energy and a 45.8% increase in chemical imports. Exports in the period rose by 17.9% to EUR 1,237.3 billion, supported by a 93.9% rise in energy and 26.4% jump in chemicals. The trade deficit widened sharply from Russia (EUR 90.6 billion from EUR 24.6 billion) and China (EUR 189.5 billion from EUR 98 billion). source: EUROSTAT

Balance of Trade in the Euro Area averaged 6736.37 EUR Million from 1999 until 2022, reaching an all time high of 30614.30 EUR Million in July of 2015 and a record low of -33121.20 EUR Million in April of 2022. 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 September of 2022.

Balance of Trade in Euro Area is expected to be -43605.00 EUR Million by the end of this quarter, according to 王者荣耀电竞(江西)积分排榜 global macro models and analysts expectations. In the long-term, the Euro Area Balance of Trade is projected to trend around 15150.00 EUR Million in 2023 and 14000.00 EUR Million in 2024, according to our econometric models.

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Euro Area Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-07-15 09:00 AM May €-26.3B €-32.4B €-31.7B
2022-08-16 09:00 AM Jun €-24.6B €-26.3B €-20B €-21.1B
2022-09-15 09:00 AM Jul €-24.6B


Related Last Previous Unit Reference
Balance of Trade -24618.20 -28360.20 EUR Million Jun 2022
Current Account to GDP 2.50 1.90 percent of GDP Dec 2021
Imports 276799.90 276501.20 EUR Million Jun 2022
Exports 252181.70 248141.00 EUR Million Jun 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
-24618.20 -28360.20 30614.30 -33121.20 1999 - 2022 EUR Million Monthly
NSA

News Stream
Euro Area Posts Another Trade Gap in June
The Euro Area recorded a trade deficit of EUR 24.6 billion in June of 2022, marking the eighth consecutive gap, above market estimates of a EUR 20 billion deficit and swinging from a surplus of EUR 17.3 billion in the corresponding month of the previous year. Imports surged by 43.5 percent to EUR 276.8 billion, largely due to surging energy costs, while exports rose at a slower 20.1 percent to EUR 210 billion. The European Union posted a trade gap of EUR 200.7 billion in the first half of the year, compared to the surplus of EUR 83.2 billion from the corresponding period of the previous year. Purchases surged by 48.9 percent to EUR 1,438 million, led by a 151.1 percent rise in energy and a 45.8% increase in chemical imports. Exports in the period rose by 17.9% to EUR 1,237.3 billion, supported by a 93.9% rise in energy and 26.4% jump in chemicals. The trade deficit widened sharply from Russia (EUR 90.6 billion from EUR 24.6 billion) and China (EUR 189.5 billion from EUR 98 billion).
2022-08-16
Euro Area Records 7th Consecutive Trade Deficit
The Euro Area recorded a EUR 26.3 trade gap in May of 2022, the 7th consecutive month in which the bloc posted a trade deficit and compared to a EUR 12 billion surplus a year earlier. Imports surged by 52% from a year earlier to EUR 274.8 billion due to high energy costs while exports rose at a softer 28.9% to EUR 248.5 billion. The European Union posted a trade gap of EUR 163.3 billion in the first five months of the year, versus a EUR 69.4 billion surplus in 2021. Purchases surged by 48.5%, led by a 147.9% increase in energy as prices soared due to uncertain supply from Russia. Imports also rose for machinery & vehicles (+20.1%) and chemicals (+47.2%). Meanwhile, exports advanced by 17.6%, mainly manufactured goods (+14.9%), and primary goods (+32%). The trade deficit with Russia widened to EUR 76.6 billion from EUR 19.5 billion, and that with China rose to EUR 155.2 billion from EUR 82.3 billion while the trade surplus with the US increased to EUR 68.2 billion from EUR 66.9 billion.
2022-07-15
Euro Area Posts Trade Deficit in April
The Euro Area recorded a EUR 32.4 billion trade gap in April of 2022, compared to a EUR 14.9 billion surplus a year earlier. Imports surged 39.4 percent from a year earlier to EUR 256.4 billion, driven by a further 164.4 percent increase in energy imports compared with the same month in the previous year. Meanwhile, exports rose at a softer 12.6 percent to EUR 223.9 billion. Considering the January-April period, the Euro Area recorded a EUR 85.1 billion trade deficit, versus a surplus of EUR 71.7 billion in the corresponding period of 2021. Meanwhile, the European Union posted a trade gap of EUR 125.9 billion in the first four months of the year, as the trade gap with Russia climbed to EUR 62.6 billion (vs a EUR 14.7 billion gap in 2021) and the one with China, the biggest trading partner soared to EUR 122 billion (vs EUR 65.8 billion deficit).
2022-06-15