The seasonally adjusted difference in value between the country's imports and exports. A positive trade balance (trade surplus) means that more exports than imports, while a negative trade balance (trade deficit) indicates more imports than exports.
Tends to have a muted impact because Germany and France, which account for about half of the Eurozone's economy, release earlier trade data.
Sep 13, 2019
Why Traders Care
A trade surplus translates to an increased demand for the currency because foreigners need to buy more of the local currency in order to make their purchases. It could also suggest economic growth as increases in export demand typically boost the productivity of local manufacturers.