Euro area international trade in goods surplus €25.4 bn

Euro area international trade in goods surplus €25.4 bn

Euro area international trade in goods surplus €25.4 bn

The FINANCIAL -- Euro area

The first estimate for euro area (EA19) exports of goods to the rest of the world in December 2017 was €180.7 billion, an increase of 1.0% compared with December 2016 (€179.0 bn). Imports from the rest of the world stood at €155.3 bn, a rise of 2.5% compared with December 2016 (€151.4 bn). As a result, the euro area recorded a €25.4 bn surplus in trade in goods with the rest of the world in December 2017, compared with +€27.6 bn in December 2016. Intra-euro area trade rose to €142.4 bn in December 2017, up by 2.8% compared with December 2016.

In January to December 2017, euro area exports of goods to the rest of the world rose to €2 192.9 bn (an increase of 7.1% compared with January-December 2016), while imports rose to €1 954.8 bn (an increase of 9.7% compared with January-December 2016). As a result the euro area recorded a surplus of €238.1 bn, compared with +€265.2 bn in January-December 2016. Intra-euro area trade rose to €1 841.2 bn in January-December 2017, up by 7.4% compared with January-December 2016.

European Union

The first estimate for extra-EU28 exports of goods in December 2017 was €160.6 billion, down by 2.7% compared with December 2016 (€165.0 bn). Imports from the rest of the world stood at €146.4 bn, up by 1.4% compared with December 2016 (€144.3 bn). As a result, the EU28 recorded a €14.3 bn surplus in trade in goods with the rest of the world in December 2017, compared with +€20.7 bn in December 2016. Intra-EU28 trade rose to €256.2 bn in December 2017, +2.9% compared with December 2016.

In January to December 2017, extra-EU28 exports of goods rose to €1 878.5 bn (an increase of 7.7% compared with January-December 2016), while imports rose to €1 853.5 bn (an increase of 8.2% compared with January- December 2016). As a result, the EU28 recorded a surplus of €25.0 bn, compared with +€32 bn in January- December 2016. Intra-EU28 trade rose to €3 343.4 bn in January-December 2017, +7.3% compared with January- December 2016.