Trade Balance s.a.

The Trade Balance released by the Eurostat is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the EUR. Generally, if a steady demand in exchange for exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the EUR.

STARTED - Monday 15 September 2025 09:00

The typical/expected market impact of this event is low.

Previous
€2.8B
Revised
€3.7B
Forecast
-
Actual
€5.3B

Trading range

Forecast history

The most recent announced value for Trade Balance s.a. was €5.3B.

Past events

Date
Forecast
Actual
Monday 15 September 2025 09:00
-
€5.3B
Monday 18 August 2025 09:00
-
€2.8B
Wednesday 16 July 2025 09:00
-
€16B
Friday 13 June 2025 09:00
-
€14B
Friday 16 May 2025 09:00
-
€27.9B
Wednesday 23 April 2025 09:00
-
€21B
Tuesday 18 March 2025 10:00
-
€14B
Monday 17 February 2025 10:00
-
€14.6B
Thursday 16 January 2025 10:00
-
€12.9B
Tuesday 17 December 2024 10:00
-
€6.1B
Monday 18 November 2024 10:00
-
€13.6B
Thursday 17 October 2024 09:00
-
€11B
Monday 16 September 2024 09:00
-
€15.5B
Friday 16 August 2024 09:00
-
€17.5B
Tuesday 16 July 2024 09:00
-
€12.3B
Friday 14 June 2024 09:00
-
€19.4B
Tuesday 21 May 2024 09:00
-
€17.3B
Tuesday 16 April 2024 09:00
-
€17.9B
Monday 18 March 2024 10:00
-
€28.1B
Thursday 15 February 2024 10:00
-
€13B
Monday 15 January 2024 10:00
-
€14.8B
Friday 15 December 2023 10:00
-
€10.9B
Wednesday 15 November 2023 10:00
-
€9.2B
Monday 16 October 2023 09:00
-
€11.9B
Friday 15 September 2023 09:00
€13.5B
€2.9B
Thursday 17 August 2023 09:00
-
€12.5B
Friday 14 July 2023 09:00
€-10.3B
€-0.9B
Thursday 15 June 2023 09:00
€8.5B
€-7.1B
Tuesday 16 May 2023 09:00
€-5.7B
€17B
Thursday 20 April 2023 09:00
€-14.7B
€-0.1B
Monday 20 March 2023 10:00
€-14B
€-11.3B
Wednesday 15 February 2023 10:00
€-8.1B
€-18.1B
Friday 13 January 2023 10:00
€-34.3B
€-15.2B
Friday 16 December 2022 10:00
€-48.6B
€-28.3B
Tuesday 15 November 2022 10:00
-
€-37.7B
Friday 14 October 2022 09:00
-
€-47.3B

Economic context

Recent economic data has been broadly neutral for EUR. Other recent announcements which may affect the market's interpretation of the next Trade Balance s.a. result:

PreviousLatest
Harmonized Index of Consumer Prices (YoY)(no change)2.7%2.7%
Consumer Price Index (EU norm) (YoY)(no change)0.8%0.8%
Harmonized Index of Consumer Prices (MoM)(no change)0.1%0.1%
Harmonized Index of Consumer Prices (YoY)(no change)2.1%2.1%
10-y Bond AuctionBullish change2.77%2.25%
Sentix Investor ConfidenceBearish change-3.7-9.2
Industrial Production n.s.a. w.d.a. (YoY)Bullish change-1.8%1.5%
Industrial Production s.a. (MoM)Bullish change-0.1%1.3%
Trade Balance s.a.Bearish change€15.4B€14.7B
Employment Change (QoQ)(no change)0.1%0.1%
Gross Domestic Product s.a. (QoQ)(no change)0.1%0.1%
Gross Domestic Product s.a. (YoY)Bullish change1.4%1.5%
Factory Orders n.s.a. (YoY)Bearish change1.7%-3.4%
Factory Orders s.a. (MoM)Bearish change-0.2%-2.9%
Retail Sales (MoM)Bearish change0.6%-0.5%
Retail Sales (YoY)Bearish change3.5%2.2%
10-y Bond AuctionBearish change2.69%2.77%
Producer Price Index (MoM)Bearish change0.8%0.4%
Producer Price Index (YoY)Bearish change0.6%0.2%
HCOB Composite PMIBearish change51.151
HCOB Composite PMIBearish change50.950.5
HCOB Services PMIBearish change50.149.3
HCOB Services PMIBearish change55.153.2
Core Harmonized Index of Consumer Prices (MoM)Bullish change-0.2%0.3%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.3%2.3%
Harmonized Index of Consumer Prices (MoM)Bullish change0%0.2%
Harmonized Index of Consumer Prices (YoY)Bullish change2%2.1%

About Trade Balance s.a.

Country:Eurozone
Currency:EUR
Source:Eurostat
Category:Capital Flows
Frequency:Monthly
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