Euro area international trade in goods surplus €30.9 bn

Euro area international trade in goods surplus €30.9 bn

Euro area international trade in goods surplus €30.9 bn

The FINANCIAL -- Euro area

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.

In January to March 2017, euro area exports of goods to the rest of the world stood at €536.5 bn (an increase of 10% compared with January-March 2016) and imports at €489.9 bn (an increase of 12% compared with January- March 2016). As a result, the euro area recorded a surplus of €46.7 bn, compared with +€51.1 bn in January- March 2016. Intra-euro area trade rose to €461.2 bn in January-March 2017, up by 9% compared with January- March 2016.

European Union

The first estimate for extra-EU28 exports of goods in March 2017 was €175.6 billion, up by 16% compared with March 2016 (€150.8 bn). Imports from the rest of the world stood at €165.1 bn, up by 14% compared with March 2016 (€144.9 bn). As a result, the EU28 recorded a €10.5 bn surplus in trade in goods with the rest of the world in March 2017, compared with +€5.9 bn in March 2016. Intra-EU28 trade rose to €303.1 bn in March 2017, +11% compared with March 2016.

In January to March 2017, extra-EU28 exports of goods stood at €462.5 bn (an increase of 13% compared with January-March 2016) and imports at €468.2 bn (an increase of 13% compared with January-March 2016). As a result, the EU28 recorded a deficit of €5.7 bn, compared with -€3.7 bn in January-March 2016. Intra-EU28 trade rose to €831.6 bn in January-March 2017, +8% compared with January-March 2016.