Euro Area Balance of Trade

Last Release

Oct 31, 2024

Actual

6,811.4

Units In

EUR Million

12,544.3

Frequency

Monthly

Next Release

Jan 16, 2025

Time to Release

28 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
30,614.3 Jul 2015	-50,937.5 Aug 2022	6,397.98 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 recorded a trade surplus of €6.8 billion in October of 2024, narrowing from the €9.4 billion in the previous year and below market expectations of €11.7 billion. Imports to the currency bloc rose by 3.2% from the previous year to €247.2 billion. In turn, exports from the bloc rose by a softer 2.1% annually to €254 billion, aligned with recent concerns of slowing manufacturing sectors within the Eurozone’s largest economies. Regarding the whole European Union, the trade balance narrowed sharply to €3.9 billion from €8.4 billion in October of the previous year. Imports to the EU expanded by 3% to €223.1 billion, amid higher demand for raw materials (13.1%), chemicals and related products (16.4%), and food and drink (21.1%). In turn, exports rose a softer 0.9% to €227 billion, with contractions in sales of energy (-29%) and machinery and vehicles (-4.7%) offsetting a rise in sales of chemicals and related products (10.6%) and other manufactured goods (4.3%).