Euro area international trade in goods surplus €18.9 bn

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The FINANCIALEuro area

The first estimate for euro area (EA19) exports of goods to the rest of the world in October 2017 was €187.9 billion, an increase of 8.8% compared with October 2016 (€172.6 bn). Imports from the rest of the world stood at €168.9 bn, a rise of 10.1% compared with October 2016 (€153.4 bn). As a result, the euro area recorded a €18.9 bn surplus in trade in goods with the rest of the world in October 2017, compared with +€19.2 bn in October 2016. Intra-euro area trade rose to €160.0 bn in October 2017, up by 9.7% compared with October 2016.

In January to October 2017, euro area exports of goods to the rest of the world stood at €1 812.6 bn (+7.5% compared with January-October 2016) and imports at €1 624.7 bn (+10.4% compared with January-October 2016). As a result the euro area recorded a surplus of €187.9 bn, compared with +€213.8 bn in January-October 2016.

Intra-euro area trade rose to €1 529.3 bn in January-October 2017, up by 7.6% compared with January-October 2016.

European Union

The first estimate for extra-EU28 exports of goods in October 2017 was €159.4 billion, up by 8.6% compared with October 2016 (€146.8 bn). Imports from the rest of the world stood at €159.6 bn, up by 10.6% compared with October 2016 (€144.4 bn). As a result, the EU28 recorded a €0.3 bn deficit in trade in goods with the rest of the world in October 2017, compared with a surplus of €2.4 bn in October 2016. Intra-EU28 trade rose to €292.8 bn in October 2017, +10.7% compared with October 2016.

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In January to October 2017, extra-EU28 exports of goods stood at €1 549.7 bn (+8.9% compared with January- October 2016) and imports at €1 544.5 bn (+9.0% compared with January-October 2016). As a result, the EU28 recorded a surplus of €5.2 bn, compared with +€5.3 bn in January-October 2016. Intra-EU28 trade rose to €2 778.2 bn in January-October 2017, up by 7.5% compared with January-October 2016.

 

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