• Eurozone trade surplus declines in June

Market news

16 August 2019

Eurozone trade surplus declines in June

According to the report from Eurostat, the first estimate for euro area (EA19) exports of goods to the rest of the world in June 2019 was €189.9 billion, a decrease of 4.7% compared with June 2018 (€199.3 bn). Imports from the rest of the world stood at €169.3 bn, a fall of 4.1% compared with June 2018 (€176.6 bn). 

As a result, the euro area recorded a €20.6 bn surplus in trade in goods with the rest of the world in June 2019, compared with +€22.6 bn in June 2018. Economists had expected a decrease to €16.3 bn.

Intra-euro area trade fell to €160.5 bn in June 2019, down by 6.6% compared with June 2018.

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