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Euro area international trade in goods surplus €23.0bn

Christian Fernsby ▼ | April 21, 2020
The first estimate for euro area (EA19) exports of goods to the rest of the world in February 2020 was €189.3 billion, an increase of 1.6% compared with February 2019 (€186.3 bn).
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Topics: Euro trade

Imports from the rest of the world stood at €166.3 bn, a fall of 1.0% compared with February 2019 (€167.9 bn). As a result, the euro area recorded a €23.0 bn surplus in trade in goods with the rest of the world in February 2020, compared with +€18.5 bn in February 2019.

Intra-euro area trade fell to €161.5 bn in February 2020, down by 0.6% compared with February 2019.

In January to February 2020, euro area exports of goods to the rest of the world rose to €373.2 bn (an increase of 0.9% compared with January-February 2019), and imports fell to €348.4 bn (a decrease of 0.7% compared with January-February 2019).



As a result the euro area recorded a surplus of €24.8 bn, compared with +€19.1 bn in January-February 2019. Intra-euro area trade fell to €326.4 bn in January-February 2020, down by 0.9% compared with January-February 2019.

European Union

The first estimate for extra-EU exports of goods in February 2020 was €170.7 billion, up by 1.0% compared with February 2019 (€169.0 bn). Imports from the rest of the world stood at €148.3 bn, down by 2.8% compared with February 2019 (€152.5 bn).

As a result, the EU recorded a €22.4 bn surplus in trade in goods with the rest of the world in February 2020, compared with +€16.4 bn in February 2019. Intra-EU trade rose to €253.3 bn in February 2020, +1.0% compared with February 2019.

In January to February 2020, extra-EU exports of goods rose to €337.0 bn (an increase of 0.7% compared with January-February 2019), and imports fell to €316.8 bn (a decrease of 1.6% compared with January-February 2019).

As a result, the EU recorded a surplus of €20.2 bn, compared with +€13.0 bn in January-February 2019. Intra-EU trade rose to €510.2 bn in January-February 2020, +0.4% compared with January-February 2019.

The euro area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU27) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.

Data for February 2020 for Austria were not available, due to difficulties in collecting and processing the data as a result of the COVID-19 containment measures in force. EU and euro area aggregates include Eurostat estimates for missing data.


 

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