The FINANCIAL — Euro area
The first estimate for euro area (EA19) exports of goods to the rest of the world in August 2017 was €171.5 billion, an increase of 6.8% compared with August 2016 (€160.6 bn). Imports from the rest of the world stood at €155.4 bn, a rise of 8.6% compared with August 2016 (€143.1 bn). As a result, the euro area recorded a €16.1 bn surplus in trade in goods with the rest of the world in August 2017, compared with +€17.5 bn in August 2016. Intra-euro area trade rose to €132.9 bn in August 2017, up by 7.6% compared with August 2016.
These data are released by Eurostat, the statistical office of the European Union.
In January to August 2017, euro area exports of goods to the rest of the world stood at €1 437.6 bn (an increase of 7.6% compared with January-August 2016) and imports at €1 292.4 bn (an increase of 11.1% compared with January-August 2016). As a result, the euro area recorded a surplus of €145.3 bn, compared with +€172.2 bn in January-August 2016. Intra-euro area trade rose to €1 209.3 bn in January-August 2017, +7.5% compared with January-August 2016.
European Union
The first estimate for extra-EU28 exports of goods in August 2017 was €145.5 billion, up by 6.4% compared with August 2016 (€136.7 bn). Imports from the rest of the world stood at €150.5 bn, up by 3.9% compared with August 2016 (€144.8 bn). As a result, the EU28 recorded a €5.1 bn deficit in trade in goods with the rest of the world in August 2017, compared with -€8.2 bn in August 2016. Intra-EU28 trade rose to €249.3 bn in August 2017, +7.7% compared with August 2016.
In January to August 2017, extra-EU28 exports of goods stood at €1 233.3 bn (an increase of 9.3% compared with January-August 2016) and imports at €1 227.8 bn (an increase of 9.4% compared with January-August 2016). As a result, the EU28 recorded a surplus of €5.5 bn, compared with +€5.9 bn in January-August 2016. Intra-EU28 trade rose to €2 192.4 bn in January-August 2017, +7.2% compared with January-August 2016.
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