The FINANCIAL — Euro area
The first estimate for euro area (EA19) exports of goods to the rest of the world in March 2016 was €177.8 billion, a decrease of 3% compared with March 2015 (€182.8 bn).
Imports from the rest of the world stood at €149.2 bn, a fall of 8% compared with March 2015 (€162.9 bn). As a result, the euro area recorded a €28.6 bn surplus in trade in goods with the rest of the world in March 2016, compared with +€19.9 bn in March 2015. Intra-euro area trade fell to €149.3 bn in March 2016, down by 2% compared with March 2015.
In January to March 2016, euro area exports of goods to the rest of the world fell to €485.8 bn (a decrease of 1% compared with January-March 2015) and imports fell to €432.0 bn (a decrease of 3% compared with January- March 2015). As a result the euro area recorded a surplus of €53.9 bn, compared with +€46.8 bn in January-March 2015. Intra-euro area trade remained nearly stable at €422.1 bn in January-March 2016.
European Union
The first estimate for extra-EU28 exports of goods in March 2016 was €150.7 billion, down by 7% compared with March 2015 (€162.4 bn). Imports from the rest of the world stood at €143.5 bn, down by 8% compared with March 2015 (€155.7 bn). As a result, the EU28 recorded a €7.2 bn surplus in trade in goods with the rest of the world in March 2016, compared with +€6.7 bn in March 2015. Intra-EU28 trade fell to €270.9 bn in March 2016, -2% compared with March 2015.
In January to March 2016, extra-EU28 exports of goods fell to €409.1 bn (a decrease of 4% compared with January-March 2015) and imports fell to €409.9 bn (a decrease of 5% compared with January-March 2015). As a result, the EU28 recorded a deficit of €0.8 bn, compared with -€3.5 bn in January-March 2015. Intra-EU28 trade rose to €767.1 bn in January-March 2016, +1% compared with January-March 2015.
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