Euro Area Balance of Trade

Last Release

Jan 31, 2025

Actual

1,032.8

Units In

EUR Million

15,467.7

Frequency

Monthly

Next Release

Apr 23, 2025

Time to Release

1 Months 2 Days 23 Hours

Highest	Lowest	Average	Date Range	Source
30,614.3 Jul 2015	-50,937.5 Aug 2022	6,441.63 EUR Million	1999-2025	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 recorded a trade surplus of €1 billion in January of 2025, narrowing from the downwardly revised surplus of €10.6 billion in the corresponding period of the previous year, and contrasting sharply from market expectations of a €14 billion trade surplus. It marked the lowest trade balance since the series of deficits triggered by the energy security crisis ended in May 2023, as imports surged by 7.6% to €231.5 billion, largely due to a fresh surge in manufactured goods, while exports rose by a softer 3% to €232.6 billion. In the meantime, the broader European Union recorded a trade deficit of €5.4 billion from the surplus of €6.7 billion last year. The balance for manufactured goods net of machinery, vehicles, and chemicals swung sharply to a deficit of €7.8 billion from a surplus of €0.2 billion. In the meantime, exports by the EU to the US took the spotlight and grew by 16% to €46.7 billion as firms front-loaded sales amid the risk of tariffs by the Trump administration.