European Union recorded a trade surplus of 7988.60 EUR Million in June of 2025. This dataset provides the latest reported value for - European Union Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The European Union went from consistently running a trade surplus since 2012, to running a trade deficit worth almost 436.1 billion euros in 2022. This sudden surge in the bloc's deficit was largely caused by a more than doubling of the cost of fuel imports due to Russia's invasion of Ukraine and the EU's subsequent boycott of Russian energy exports. While in theory the EU's trade balance should only reflect its trade with countries outside of the union, as internal EU exports and imports should balance out, due to accounting irregularities the EU in practice runs a trade surplus with itself in most years. Following the substantial trade deficit opened up in 2022, the EU returned to running a trade surplus in 2023, when it recorded a surplus of almost 34.4 billion euros. In 2024, the EU is projected to run a trade surplus of approximately 146.2 billion euros.

The European Union has moved from a trade deficit for goods during the period from 2004 until the end of the Great Recession (2008-2010), to a substantial trade surplus over the later 2010s and early 2020s. The EU had been running a trade deficit as consumption was high during the economic boom which led up to the recession and Eurozone crisis (2010-2012), while the Euro had been appreciating against other currencies during this time, making exports less attractive for trading partners and imports less expensive in Eurozone countries. With the dampening of global demand during the recession, Europe's deficit contracted, with the dramatic reduction in imports outweighing the reduction in exports to the rest of the world. Later, during the 2010s, the EU began to run a trade surplus due to the suppressed demand for imports in the EU via economic policies which favored austerity and lower consumption, a depreciating Euro after 2014 which made EU exports cheaper for trading partners, and structural policies of EU member states, such as Germany, who have prioritized the competitiveness of their export sectors.

Euro Area recorded a trade surplus of 7047.30 EUR Million in June of 2025. This dataset provides the latest reported value for - Euro Area Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic shows the trade balance of the European Union from 2018 to 2024. The trade balance is the value of exports minus the value of imports. In 2024, the trade balance surplus of the European Union amounted to approximately 150 billion euros.

Key information about EU's Trade Balance

• EU's Trade Balance recorded a surplus of 13.5 USD bn in Dec 2024, compared with a surplus of 10.8 USD bn in the previous month
• EU's Trade Balance data is updated monthly, available from Jan 2002 to Dec 2024, with an averaged value of 5.2 USD bn
• The data reached an all-time high of 31.0 USD bn in Dec 2020 and a record low of -57.1 USD bn in Aug 2022

• In the latest reports, EU's Total Exports reached 228.1 USD bn in Dec 2024, an increase of 1.8% YoY (year-on-year)
• Total Imports recorded 214.6 USD bn in Dec 2024, an increase of 1.8% YoY (year-on-year)

This dataset provides values for BALANCE OF TRADE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

European Union Trade Balance: EU 27E: China: Total data was reported at -26.145 EUR bn in Feb 2025. This records an increase from the previous number of -31.243 EUR bn for Jan 2025. European Union Trade Balance: EU 27E: China: Total data is updated monthly, averaging -10.950 EUR bn from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of -2.454 EUR bn in Jun 2002 and a record low of -41.093 EUR bn in Sep 2022. European Union Trade Balance: EU 27E: China: Total data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA030: Eurostat: Trade Statistics: By SITC: European Union: China.

The European Union has had a growing trade balance with the United States since the turn of the millennium. While in 1999, the EU recorded a monthly trade balance with the U.S. as low as *** million euros a month, the monthly trade balance in the most recent period recorded was over ** billion euros. Both exports and imports have increased over this period, with a particularly notable uptick following the coronavirus pandemic.

The United States is the European Union's biggest trading partner as of 2023, with the total value of trade between the EU and the North American country exceeding ****billion dollars. China was the EU's second-largest trading partner, however, in contrast to the substantial trade surplus that the EU has with the United States, the EU has a large trade deficit with China. In 2022, the EU imported *** billion euros worth of goods from China than it exported to the East Asian country. Other prominent trade partners included the UK, Switzerland, and Turkey.

European Union Trade Balance: EU 27E: Africa: Total data was reported at -1.884 EUR bn in Feb 2025. This records an increase from the previous number of -3.898 EUR bn for Jan 2025. European Union Trade Balance: EU 27E: Africa: Total data is updated monthly, averaging -0.396 EUR bn from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 4.005 EUR bn in Apr 2016 and a record low of -6.272 EUR bn in Aug 2022. European Union Trade Balance: EU 27E: Africa: Total data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA024: Eurostat: Trade Statistics: By SITC: European Union: Africa.

The United States recorded a trade deficit of 60.18 USD Billion in June of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

European Union Trade Balance: EU 27E: SA: Total data was reported at 0.778 EUR bn in Feb 2025. This records an increase from the previous number of 0.708 EUR bn for Jan 2025. European Union Trade Balance: EU 27E: SA: Total data is updated monthly, averaging 0.087 EUR bn from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 1.960 EUR bn in Dec 2024 and a record low of -2.289 EUR bn in Sep 2022. European Union Trade Balance: EU 27E: SA: Total data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA041: Eurostat: Trade Statistics: By SITC: European Union: Saudi Arabia.

In 2024, the European Union exported goods worth approximately ***** billion euros to China, around ** billion euros less than in the previous year. That year, the EU recorded a trade deficit of more than *** billion euros with China.

EU Trade Balance: EA 19 data was reported at 13.142 EUR bn in Sep 2018. This records an increase from the previous number of 11.988 EUR bn for Aug 2018. EU Trade Balance: EA 19 data is updated monthly, averaging 3.376 EUR bn from Jan 1999 (Median) to Sep 2018, with 237 observations. The data reached an all-time high of 30.079 EUR bn in Jul 2015 and a record low of -16.510 EUR bn in Jan 2011. EU Trade Balance: EA 19 data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA001: Eurostat: Trade Statistics: By BEC.

European Union Trade Balance: EU 27E: Intra EU: Total data was reported at 6.037 EUR bn in Feb 2025. This records a decrease from the previous number of 19.346 EUR bn for Jan 2025. European Union Trade Balance: EU 27E: Intra EU: Total data is updated monthly, averaging 5.869 EUR bn from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 22.005 EUR bn in Jan 2023 and a record low of -13.179 EUR bn in Dec 2021. European Union Trade Balance: EU 27E: Intra EU: Total data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA019: Eurostat: Trade Statistics: By SITC: European Union: Intra European Union.

EU UK: Trade Balance data was reported at -11,411.400 EUR mn in May 2018. This records an increase from the previous number of -13,005.300 EUR mn for Apr 2018. EU UK: Trade Balance data is updated monthly, averaging -9,799.500 EUR mn from Jan 1999 (Median) to May 2018, with 233 observations. The data reached an all-time high of 2,630.000 EUR mn in May 2013 and a record low of -23,833.700 EUR mn in Sep 2016. EU UK: Trade Balance data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s UK – Table UK.Eurostat: Trade Balance.

European Union Trade Balance: EU 27E: Canada: Manufactured Products data was reported at 1.700 EUR bn in Feb 2025. This records an increase from the previous number of 1.558 EUR bn for Jan 2025. European Union Trade Balance: EU 27E: Canada: Manufactured Products data is updated monthly, averaging 1.025 EUR bn from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 2.715 EUR bn in Mar 2024 and a record low of 0.323 EUR bn in Jan 2002. European Union Trade Balance: EU 27E: Canada: Manufactured Products data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.JA029: Eurostat: Trade Statistics: By SITC: European Union: Canada.

The average for 2023 based on 27 countries was 4.97 percent. The highest value was in Ireland: 33.52 percent and the lowest value was in Greece: -4.93 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

Latvia - Intra-EU trade: Trade balance was EUR-4940.90 Million in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Latvia - Intra-EU trade: Trade balance - last updated from the EUROSTAT on September of 2025. Historically, Latvia - Intra-EU trade: Trade balance reached a record high of EUR-1944.70 Million in December of 2010 and a record low of EUR-7160.00 Million in December of 2023.