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Balance of Trade

The balance of trade is the difference of the value of a country’s exports of goods and services from the value of its imports. If exports are greater than imports, then the country faces trade surplus or if imports are greater than exports, then the country faces trade deficit. This metric is reported on a monthly basis by Eurostat.

 Euro Area Balance of Trade

In May 2017 the trade surplus increased to €21.4 billion from €17.9 billion the previous month representing a change of +19.5%.  This figure was at its historical lows €-16.51 billion in 2011 and at its highs of €30.09 billion 2015.