Trade Balance in Eurozone

Eurozone Trade Balance | Economic News & Forecasts

Eurozone - Trade Balance

The economy grew solidly in Q3, mainly as easing restrictions propelled household spending. However, the recovery has likely slowed in Q4 amid soaring inflation and the reinstatement of restrictions in several countries due to rising Covid-19 infections. PMI readings indicate softer expansions in the manufacturing and services sectors in the quarter. Meanwhile, business confidence remained upbeat in October–November but consumer sentiment weakened in the same two months, suggesting consumers slowed their shopping activity. However, industrial production rebounded strongly in October, mainly driven by the German locomotive industry. In other news, the ECB has recently signaled risks of excessive asset and housing price inflation, while gas prices have surged after Germany stopped the Nord Stream 2 pipeline. In politics, Germany’s traffic light government has taken power, while Austria has named a new chancellor.

Eurozone - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (EUR billion)385  400  391  355  361  

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Eurozone Trade Balance Chart

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

Eurozone Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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