According to the report from Eurostat, the first estimate for euro area exports of goods to the rest of the world in February 2021 was €178.6 billion, a decrease of 5.5% compared with February 2020 (€188.9 bn). Imports from the rest of the world stood at €161.0 bn, a fall of 2.7% compared with February 2020 (€165.4 bn). As a result, the euro area recorded a €17.7 bn surplus in trade in goods with the rest of the world in February 2021, compared with +€23.4 bn in February 2020. Intra-euro area trade rose to €164.8 bn in February 2021, up by 1.7% compared with February 2020.

In January to February 2021, euro area exports of goods to the rest of the world fell to €346.2 bn (a decrease of 7.2% compared with January-February 2020), and imports fell to €317.5 bn (a decrease of 8.7% compared with January-February 2020). As a result the euro area recorded a surplus of €28.7 bn, compared with +€25.0 bn in January-February 2020. Intra-euro area trade fell to €319.2 bn in January-February 2021, down by 2.7% compared with January-February 2020.