The first estimate for euro area (EA19) exports of goods to the rest of the world in November 2019 was €197.7 billion, a decrease of 2.9% compared with November 2018 (€203.7 bn). Imports from the rest of the world stood at €177.0 bn, a fall of 4.6% compared with November 2018 (€185.5 bn). As a result, the euro area recorded a €20.7 bn surplus in trade in goods with the rest of the world in November 2019, compared with +€28.0 bn in October 2019. Economists had expected the surplus to fall to €23.3 bn.

Intra-euro area trade fell to €166.0 bn in November 2019, down by 3.8% compared with November 2018.

In January to November 2019, euro area exports of goods to the rest of the world rose to €2 159.0 bn (an increase of 2.5% compared with January-November 2018), and imports rose to €1 955.6 bn (an increase of 1.5% compared with January-November 2018). As a result the euro area recorded a surplus of €203.4 bn, compared with €178.7 bn in January-November 2018. Intra-euro area trade rose to €1 817.9 bn in January-November 2019, up by 0.9% compared with January-November 2