• Eurozone's trade surplus declined in April

Market news

15 June 2021

Eurozone's trade surplus declined in April

According to the report from Eurostat, the first estimate for euro area exports of goods to the rest of the world in April 2021 was €193.8 billion, an increase of 43.2% compared with April 2020 (€135.3 bn), which had been heavily affected by the COVID-19 containment measures widely introduced by the Member States. Imports from the rest of the world stood at €182.8 bn, a rise of 37.4% compared with April 2020 (€133.0 bn). As a result, the euro area recorded a €10.9 bn surplus in trade in goods with the rest of the world in April 2021, compared with +€2.3 bn in April 2020. Intra-euro area trade rose to €178.9 bn in April 2021, up by 61.9% compared with April 2020.

In January to April 2021, euro area exports of goods to the rest of the world rose to €764.9 bn (an increase of 8.9% compared with January April 2020), and imports rose to €697.2 bn (an increase of 7.9% compared with JanuaryApril 2020). As a result the euro area recorded a surplus of €67.7 bn, compared with +€56.9 bn in January-April 2020. Intra-euro area trade rose to €687.9 bn in January-April 2021, up by 15.6% compared with January-April 2020.

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