European Union Trade Balance

Country:
European Union
EUR, Euro
Source:
Sector:
Trade
Medium N/D €​15.0 B
€​13.0 B
Last release Importance Actual Forecast
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The Trade Balance shows a change between exports and imports in the eurozone over a selected period. Economists use the Trade Balance to evaluate the structure of trade flows between countries. First, the trade balance is calculated for individual eurozone Member States, and then the balances are compiled into a single figure. The Trade Balance is seasonally adjusted, so trade flows can be properly estimated from season to season.

The calculation is complicated, since different methodologies are used for collecting data and calculating indicators in different EU countries. However, the trade balance is considered an important indicator of development and the vector of trade flows.

A trade deficit is formed when more goods and services are imported than exported. For highly developed economies, like the eurozone, it means that labor-intensive production is transferred abroad, thus restraining inflation and maintaining high standard of living. A trade deficit in these cases is covered by other methods of economic interaction, for example by issuing debt instruments.

When exports exceed imports, a trade surplus is formed. It is an indication of high production level. It also shows that the nation produces more goods and services than it can consume.

The impact of the Trade Balance on the euro quotes is ambiguous and depends on the context of business cycles and other economic indicators, such as production dynamics. For example, in economy recession conditions, countries begin to export more in order to create jobs. Conversely, if the economy grows rapidly, developed countries prefer to develop imports in order to ensure price competition. These developments affect the euro accordingly.

Last values:

actual data

forecast

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.

Date (GMT)
Reference
Actual
Forecast
Previous
Jan 2024
N/D
€​15.0 B
€​13.0 B
Dec 2023
€​13.0 B
€​13.9 B
€​15.1 B
Nov 2023
€​14.8 B
€​10.1 B
€​11.1 B
Oct 2023
€​10.9 B
€​10.6 B
€​8.7 B
Sep 2023
€​9.2 B
€​7.4 B
€​11.1 B
Aug 2023
€​11.9 B
€​7.7 B
€​3.5 B
Jul 2023
€​2.9 B
€​5.8 B
€​8.6 B
Jun 2023
€​12.5 B
€​-4.0 B
€​0.2 B
May 2023
€​-0.9 B
€​-14.8 B
€​-8.0 B
Apr 2023
€​-7.1 B
€​8.5 B
€​14.0 B
Mar 2023
€​17.0 B
€​-5.7 B
€​-0.1 B
Feb 2023
€​-0.1 B
€​-14.7 B
€​-11.6 B
Jan 2023
€​-11.3 B
€​-14.0 B
€​-13.4 B
Dec 2022
€​-18.1 B
€​-8.1 B
€​-14.4 B
Nov 2022
€​-15.2 B
€​-34.3 B
€​-28.1 B
Oct 2022
€​-28.3 B
€​-48.6 B
€​-36.4 B
Sep 2022
€​-37.7 B
€​-53.0 B
€​-47.6 B
Aug 2022
€​-47.3 B
€​-43.8 B
€​-40.5 B
Jul 2022
€​-40.3 B
€​-35.5 B
€​-32.2 B
Jun 2022
€​-30.8 B
€​-32.7 B
€​-27.2 B
May 2022
€​-26.0 B
€​-40.6 B
€​-31.8 B
Apr 2022
€​-31.7 B
€​-15.4 B
€​-17.8 B
Mar 2022
€​-17.6 B
€​-6.6 B
€​-11.3 B
Feb 2022
€​-9.4 B
€​-8.4 B
€​-7.7 B
Jan 2022
€​-7.7 B
€​-9.8 B
€​-9.7 B
Dec 2021
€​-9.7 B
€​-2.5 B
€​-1.8 B
Nov 2021
€​-1.3 B
€​-1.1 B
€​1.8 B
Oct 2021
€​2.4 B
€​12.7 B
€​6.1 B
Sep 2021
€​6.1 B
€​18.7 B
€​9.7 B
Aug 2021
€​11.1 B
€​19.3 B
€​13.5 B
Jul 2021
€​13.4 B
€​15.0 B
€​11.9 B
Jun 2021
€​12.4 B
€​9.3 B
€​13.8 B
May 2021
€​9.4 B
€​6.9 B
€​13.4 B
Apr 2021
€​9.4 B
€​9.5 B
€​18.3 B
Mar 2021
€​13.0 B
€​15.2 B
€​23.1 B
Feb 2021
€​18.4 B
€​20.3 B
€​28.7 B
Jan 2021
€​24.2 B
€​22.6 B
€​27.5 B
Dec 2020
€​27.5 B
€​19.4 B
€​24.9 B
Nov 2020
€​25.1 B
€​22.6 B
€​25.2 B
Oct 2020
€​25.9 B
€​29.6 B
€​23.7 B
Sep 2020
€​24.0 B
€​15.2 B
€​21.0 B
Aug 2020
€​21.9 B
€​13.7 B
€​19.3 B
Jul 2020
€​20.3 B
€​9.3 B
€​16.0 B
Jun 2020
€​17.1 B
€​12.4 B
€​8.6 B
May 2020
€​8.0 B
€​6.9 B
€​1.6 B
Apr 2020
€​1.2 B
€​22.9 B
€​25.5 B
Mar 2020
€​23.5 B
€​22.0 B
€​25.6 B
Feb 2020
€​25.8 B
€​21.1 B
€​18.2 B
Jan 2020
€​17.3 B
€​22.0 B
€​21.5 B
Dec 2019
€​22.2 B
€​21.6 B
€​19.1 B

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