According to the report from Eurostat, the first estimate for euro area exports of goods to the rest of the world in January 2021 was €163.1 billion, a decrease of 11.4% compared with January 2020 (€184.0 bn). Imports from the rest of the world stood at €156.8 bn, a fall of 14.1% compared with January 2020 (€182.5 bn). As a result, the euro area recorded a €6.3 bn surplus in trade in goods with the rest of the world in January 2021, compared with +€1.5 bn in January 2020. Intra-euro area trade fell to €159.7 bn in January 2021, down by 3.9% compared with January 2020.

In January to December 2020, euro area exports of goods to the rest of the world fell to €2 131.4 bn (a decrease of 9.2% compared with January-December 2019), and imports fell to €1 897.1 bn (a decrease of 10.8% compared with January-December 2019). As a result the euro area recorded a surplus of €234.3 bn, compared with +€221.0 bn in January-December 2019. Intra-euro area trade fell to €1 798.2 bn in January-December 2020, down by 8.8% compared with January December 2019.