Trade Balance in Eurozone

Eurozone Trade Balance (EUR) | Economic News & Forecasts

Eurozone - Trade Balance (Euros)

Comprehensive data confirmed that the Eurozone economy lost steam in Q1, growing at the weakest pace since Q2 2016. The external sector was primarily behind the slowdown, with a strong euro and slowing global recovery fueling a decline in overseas sales. Data for Q2 suggests that momentum has regained some lost ground, although growth is likely still below last year’s highs. The unemployment rate hit a new multi-year low in April, and strong services sector growth pushed the composite PMI up in June. That said, data for the manufacturing sector has been weak, with industrial production contracting in May and the manufacturing PMI falling to an 18-month low the month after. Moreover, the outlook for the sector has turned gloomier in recent weeks. On 22 June, U.S. President Donald Trump threatened to slap a 20% tariff on all European Union manufactured automobiles if retaliatory tariffs on U.S. goods enacted by the EU were not lifted. While the U.S.’s initial tariffs on steel and aluminum are expected to have a relatively small economic effect, the automobile industry is a much larger sector and tariffs could dampen manufacturing activity.

Eurozone - Trade Balance (EUR) Data

2013  2014  2015  2016  2017  
Trade Balance (EUR billion)207  242  359  375  345  

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Eurozone Trade Balance (EUR) Chart


Euro Trade
Note: Trade balance in EUR billion.
Source: Eurostat.

Eurozone Facts

ValueChangeDate
Exchange Rate1.170.65 %Jul 13
Stock Market1,203-0.52 %Jul 13

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