Euro Area Balance of Trade

Last Release

Dec 31, 2024

Actual

15,467.7

Units In

EUR Million

16,353.7

Frequency

Monthly

Next Release

Mar 18, 2025

Time to Release

27 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
30,614.3 Jul 2015	-50,937.5 Aug 2022	6,458.96 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's trade surplus narrowed to €15.5 billion in December 2024 from €16.4 billion in the previous year, above market expectations of €14.4 billion. Imports rose by 3.8% from the previous year to €211 billion and exports increased by a softer 3.1% to €226.5 billion. Regarding the whole European Union, the trade surplus widened to €16.3 billion from €16.1 billion. Imports to the EU climbed 3.9% to €192.7 billion, amid higher demand for machinery & vehicles (3.5%), chemicals & related products (0.8%), and food & drink (20.5%). On the other hand, imports of energy fell by 8.9%. Meanwhile, exports rose 3.7% to €209 billion, as a rise in sales of chemicals and related products (14.3%) and other manufactured goods (3.6%) more than offset contractions in sales of energy (-10.8%) and machinery and vehicles (-1.1%). For 2024, the EU's trade surplus widened sharply to €150.1 billion from €34.4 billion.