Euro area international trade in goods deficit of €0.6 bn

Euro area international trade in goods deficit of €0.6 bn

Euro area international trade in goods deficit of €0.6 bn

The FINANCIAL -- Euro area

The first estimate for euro area (EA19) exports of goods to the rest of the world in January 2017 was €163.9 billion, an increase of 13% compared with January 2016 (€144.9 bn).

Imports from the rest of the world stood at €164.5 bn, a rise of 17% compared with January 2016 (€140.1 bn). As a result, the euro area recorded a €0.6 bn deficit in trade in goods with the rest of the world in January 2017, compared with a surplus of €4.8 bn in January 2016. Intra-euro area trade rose to €145.7 bn in January 2017, up by 10% compared with January 2016.

In 2016, euro area exports of goods to the rest of the world stood at €2 047.7 bn (nearly stable compared with 2015) and imports at €1 775.8 bn (a decrease of 2% compared with the previous year). As a result the euro area recorded a surplus of €271.9 bn, compared with +€238.7 bn in 2015. Intra-euro area trade rose to €1 709.6 bn in 2016, up by 1% compared with 2015.

European Union

The first estimate for extra-EU28 exports of goods in January 2017 was €141.2 billion, up by 16% compared with January 2016 (€121.4 bn). Imports from the rest of the world stood at €157.4 bn, up by 18% compared with January 2016 (€133.5 bn). As a result, the EU28 recorded a €16.2 bn deficit in trade in goods with the rest of the world in January 2017, compared with -€12.1 bn in January 2016. Intra-EU28 trade rose to €262.4 bn in January 2017, +10% compared with January 2016.

In 2016, extra-EU28 exports of goods stood at €1 745.5 bn (a decrease of 2% compared 2015) and imports at €1 707.7 bn (a decrease of 1% compared with 2015). As a result, the EU28 recorded a surplus of €37.7 bn, compared with +€59.9 bn in 2015. Intra-EU28 trade rose to €3 109.7 bn in 2016, +1% compared with 2015.