The FINANCIAL — Euro area
The first estimate for euro area (EA19) exports of goods to the rest of the world in January 2018 was €178.6 billion, an increase of 9.1% compared with January 2017 (€163.7 bn). Imports from the rest of the world stood at €175.4 bn, a rise of 6.3% compared with January 2017 (€165.0 bn). As a result, the euro area recorded a €3.3 bn surplus in trade in goods with the rest of the world in January 2018, compared with a deficit of €1.4 bn in January 2017. Intra-euro area trade rose to €159.8 bn in January 2018, up by 8.8% compared with January 2017.
In 2017, euro area exports of goods to the rest of the world rose to €2 194.0 bn (an increase of 7.1% compared with 2016), while imports rose to €1 958.0 bn (an increase of 9.8% compared with 2016). As a result the euro area recorded a surplus of €236.0 bn, compared with +€265.3 bn in 2016. Intra-euro area trade rose to €1 844.1 bn in 2017, up by 7.6% compared with 2016.
European Union
The first estimate for extra-EU28 exports of goods in January 2018 was €150.5 billion, up by 6.5% compared with January 2017 (€141.3 bn). Imports from the rest of the world stood at €170.8 bn, up by 7.6% compared with January 2017 (€158.7 bn). As a result, the EU28 recorded a €20.3 bn deficit in trade in goods with the rest of the world in January 2018, compared with -€17.4 bn in January 2017. Intra-EU28 trade rose to €288.2 bn in January 2018, +9% compared with January 2017.
In 2017, extra-EU28 exports of goods rose to €1 878.8 bn (an increase of 7.7% compared with 2016), while imports rose to €1 855.9 bn (an increase of 8.4% compared with 2016). As a result, the EU28 recorded a surplus of €22.9 bn, compared with +€32.1 bn in 2016. Intra-EU28 trade rose to €3 347.3 bn in 2017, +7.4% compared with 2016.
