• Eeurozone's trade surplus shrank in May

Market news

16 July 2021

Eeurozone's trade surplus shrank in May

According to the report from  Eurostat, the first estimate for euro area exports of goods to the rest of the world in May 2021 was €188.2 billion, an increase of 31.9% compared with May 2020 (€142.7 bn), a month 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 €180.7 bn, a rise of 35.2% compared with May 2020 (€133.7 bn). As a result, the euro area recorded a €7.5 bn surplus in trade in goods with the rest of the world in May 2021, compared with +€8.9 bn in May 2020. Intra-euro area trade rose to €181.5 bn in May 2021, up by 45.4% compared with May 2020.

In January to May 2021, euro area exports of goods to the rest of the world rose to €957.9 bn (an increase of 13.3% compared with January-May 2020), and imports rose to €878.2 bn (an increase of 12.7% compared with January-May 2020). As a result the euro area recorded a surplus of €79.7 bn, compared with +€66.1 bn in January May 2020. Intra-euro area trade rose to €867.6 bn in January-May 2021, up by 20.5% compared with January-May 2020.

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