Euro area international trade in goods surplus €23.2 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 July 2017 was €177.7 billion, an increase of 6.1% compared with July 2016 (€167.6 bn). Imports from the rest of the world stood at €154.6 bn, a rise of 8.2% compared with July 2016 (€142.8 bn). As a result, the euro area recorded a €23.2 bn surplus in trade in goods with the rest of the world in July 2017, compared with +€24.8 bn in July 2016. Intra-euro area trade rose to €145.6 bn in July 2017, up by 5.6% compared with July 2016.

In January to July 2017, euro area exports of goods to the rest of the world stood at €1 265.1 bn (an increase of 7.7% compared with January-July 2016) and imports at €1 135.0 bn (an increase of 11.2% compared with January- July 2016). As a result, the euro area recorded a surplus of €130.2 bn, compared with +€154.1 bn in January-July 2016. Intra-euro area trade rose to €1 074.0 bn in January-July 2017, up by 7.3% compared with January-July 2016.

European Union

The first estimate for extra-EU28 exports of goods in July 2017 was €155.8 billion, up by 9.7% compared with July 2016 (€142.1 bn). Imports from the rest of the world stood at €146.9 bn, up by 5.6% compared with July 2016 (€139.1 bn). As a result, the EU28 recorded a €8.8 bn surplus in trade in goods with the rest of the world in July 2017, compared with +€3.0 bn in July 2016. Intra-EU28 trade rose to €260.3 bn in July 2017, +5.3% compared with July 2016.

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In January to July 2017, extra-EU28 exports of goods stood at €1 087.3 bn (an increase of 9.6% compared with

January-July 2016) and imports at €1 076.5 bn (an increase of 10.1% compared with January-July 2016). As a result, the EU28 recorded a surplus of €10.8 bn, compared with +€14.0 bn in January-July 2016. Intra-EU28 trade rose to €1 938.3 bn in January-July 2017, +6.9% compared with January-July 2016.

 

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