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Euro area international trade surplus €30.9bn, GDP up 0.5%

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Staff Writer | May 18, 2017
Europe street
Europe   An increase of 13% compared with March 2016

The first estimate for euro area (EA19) exports of goods to the rest of the world in March 2017 was €202.3 billion, an increase of 13% compared with March 2016 (€178.9 bn).

Imports from the rest of the world stood at €171.4 bn, a rise of 14% compared with March 2016 (€150.7 bn).

As a result, the euro area recorded a €30.9 bn surplus in trade in goods with the rest of the world in March 2017, compared with +€28.2 bn in March 2016. Intra-euro area trade rose to €168.1 bn in March 2017, up by 12% compared with March 2016.

Seasonally adjusted GDP rose by 0.5% in both the euro area (EA19) and the EU28 during the first quarter of 2017, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2016, GDP grew by 0.5% and 0.6% respectively.

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.7% in the euro area and by 2.0% in the EU28 in the first quarter of 2017, after +1.8% and +1.9% respectively in the previous quarter.

During the first quarter of 2017, GDP in the United States increased by 0.2% compared with the previous quarter (after +0.5% in the fourth quarter of 2016).

Compared with the same quarter of the previous year, GDP grew by 1.9% (after +2.0% in the previous quarter).


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