|Medium||€23.8 B||€21.1 B||
Trade Balance shows the difference between export and import of goods and services in the euro area in monetary terms. A positive balance value indicates a trade surplus, while a negative one hints at a trade deficit.
The current Trade Balance value impact on EUR is ambiguous and depends on other indicators - GDP, etc.
The chart of the entire available history of the "European Union Trade Balance" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.