Euro Area Balance Of TradeEuro Area Balance Of TradeEuro Area Balance Of Trade

Euro Area Balance Of Trade

No trades
See on Supercharts

Key data points


Last release
Observation period
Aug 2024
Next release
Forecast
Highest
‪29.95 B‬EUR on Jul 31, 2015
Lowest
‪−55.03 B‬EUR on Aug 31, 2022

About Euro Area Balance Of Trade


Category
Trade
Source
Frequency
Monthly
Units
EUR
The Euro Area is one of the world’s biggest players in global trade. The bloc runs regular trade surpluses primarily due to the high export of manufactured goods such as machinery and vehicles. However, it is a net importer of energy and raw materials. Germany by far contributes the most to surplus followed by Netherlands, Ireland, and Italy. On the other hand, the deficits are constantly recorded in France and Spain. Still, in 2022, the block run the biggest trade deficit on record as the energy imports surged after the war in Ukraine forced the members to reduce energy imports from Russia and destabilized the energy markets. .