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Euro area trade in goods surplus €20.7 billion

Christian Fernsby ▼ | January 15, 2020
Euro area international trade in goods surplus was €20.7 bn.
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Topics: Euro trade surplus

The first estimate for euro area (EA19) exports of goods to the rest of the world in November 2019 was €197.7 billion, a decrease of 2.9% compared with November 2018 (€203.7 bn).

Imports from the rest of the world stood at €177.0 bn, a fall of 4.6% compared with November 2018 (€185.5 bn).

As a result, the euro area recorded a €20.7 bn surplus in trade in goods with the rest of the world in November 2019, compared with +€18.2 bn in November 2018. Intra-euro area trade fell to €166.0 bn in November 2019, down by 3.8% compared with November 2018.

In January to November 2019, euro area exports of goods to the rest of the world rose to €2 159.0 bn (an increase of 2.5% compared with January-November 2018), and imports rose to €1 955.6 bn (an increase of 1.5% compared with January-November 2018).

As a result the euro area recorded a surplus of €203.4 bn, compared with +€178.7 bn in January-November 2018. Intra-euro area trade rose to €1 817.9 bn in January-November 2019, up by 0.9% compared with January-November 2018.

European Union

The first estimate for extra-EU28 exports of goods in November 2019 was €172.7 billion, down by 0.1% compared with November 2018 (€172.8 bn). Imports from the rest of the world stood at €170.1 bn, down by 3.8% compared with November 2018 (€176.8 bn).

As a result, the EU28 recorded a €2.6 bn surplus in trade in goods with the rest of the world in November 2019, compared with a deficit of €4 bn in November 2018. Intra-EU28 trade fell to €302.5 bn in November 2019, -4.6% compared with November 2018.

In January to November 2019, extra-EU28 exports of goods rose to €1 867.0 bn (an increase of 3.5% compared with January-November 2018), and imports rose to €1 892.8 bn (an increase of 3.6% compared with January-November 2018).

As a result, the EU28 recorded a deficit of €25.8 bn, compared with €22.6 bn in January-November 2018. Intra-EU28 trade rose to €3 305.9 bn in January-November 2019, +1.2% compared with January-November 2018.

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 (EU28) 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, Sweden and the United Kingdom.


 

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