Euro Area Balance of Trade

Last Release

Nov 30, 2024

Actual

16,353.7

Units In

EUR Million

6,811.4

Frequency

Monthly

Next Release

Feb 17, 2025

Time to Release

30 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
30,614.3 Jul 2015	-50,937.5 Aug 2022	6,430 EUR Million	1999-2024	Eurostat

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 posted a trade surplus of €16.4 billion in November of 2024, down from €18.2 billion in the same month of the previous year but beating market expectations of €8.5 billion. Exports fell by 1.6% yoy to EUR 248.3 billion, while imports decreased by 1% to EUR 231.9 billion. Regarding the whole European Union, the trade surplus narrowed to €14.3 billion from €17.2 billion in November of the previous year, as exports fell 1.2% to €223.1 billion, as reduced shipments of energy products (-16.5%), machinery & vehicles (-6.7%) more than offset a 12.9% rise in exports of chemicals & related products. Meanwhile, imports edged up by 0.1% to €208.8 billion, driven by increased purchases of food and drinks (+18.7%), raw materials (+3.9%), and other manufactured goods (+7%), which partially offset a sharp 13% decline in energy imports.