• Euro area trade balance rose more than expected in June

Market news

16 August 2018

Euro area trade balance rose more than expected in June

The first estimate for euro area (EA19) exports of goods to the rest of the world in June 2018 was €198.6 billion, an increase of 5.7% compared with June 2017 (€187.9 bn). Imports from the rest of the world stood at €176.1 bn, a rise of 8.6% compared with June 2017 (€162.2 bn). As a result, the euro area recorded a €22.5 bn surplus in trade in goods with the rest of the world in June 2018, compared with +€25.7 bn in June 2017. Intra-euro area trade rose to €170.7 bn in June 2018, up by 7.1% compared with June 2017.

In January to June 2018, euro area exports of goods to the rest of the world rose to €1 124.6 bn (an increase of 3.1% compared with January-June 2017), while imports rose to €1 023.8 bn (an increase of 3.8% compared with January-June 2017). As a result the euro area recorded a surplus of €100.7 bn, compared with +€103.7 bn in January-June 2017. Intra-euro area trade rose to €980.6 bn in January-June 2018, up by 5.5% compared with January-June 2017.

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