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Euro area international trade in goods surplus €28.0 bn

Christian Fernsby ▼ | December 18, 2019
The first estimate for euro area (EA19) exports of goods to the rest of the world in October 2019 was €217.9 billion, an increase of 4.1% compared with October 2018 (€209.3 bn).
Eurozone
European economy   Imports from the rest of the world stood at €189.9 bn
Euro area

Topics: Euro trade surplus

Imports from the rest of the world stood at €189.9 bn, a fall of 3.2% compared with October 2018 (€196.1 bn).

As a result, the euro area recorded a €28 bn surplus in trade in goods with the rest of the world in October 2019, compared with +€13.2 bn in October 2018.

Intra-euro area trade fell to €174.9 bn in October 2019, down by 1.4% compared with October 2018.

In January to October 2019, euro area exports of goods to the rest of the world rose to €1 959.8 bn (an increase of 3.1% compared with January-October 2018), and imports rose to €1 776.6 bn (an increase of 2% compared with January-October 2018).

As a result the euro area recorded a surplus of €183.2 bn, compared with +€160.5 bn in January-October 2018. Intra-euro area trade rose to €1 647.7 bn in January-October 2019, up by 1.2% compared with January-October 2018.

European Union

The first estimate for extra-EU28 exports of goods in October 2019 was €190.1 billion, up by 5.6% compared with October 2018 (€180.0 bn). Imports from the rest of the world stood at €187.8 bn, down by 0.1% compared with October 2018 (€188.0 bn).

As a result, the EU28 recorded a €2.2 bn surplus in trade in goods with the rest of the world in October 2019, compared with a deficit of €8 bn in October 2018. Intra-EU28 trade fell to €322.0 bn in October 2019, -0.7% compared with October 2018.

In January to October 2019, extra-EU28 exports of goods rose to €1 693.3 bn (an increase of 3.8% compared with January-October 2018), and imports rose to €1 721.3 bn (an increase of 4.4% compared with January-October 2018).

As a result, the EU28 recorded a deficit of €28.0 bn, compared with -€18.6 bn in January-October 2018.

Intra-EU28 trade rose to €2 997.6 bn in January-October 2019, +1.6% compared with January-October 2018.


 

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