Euro area international trade in goods surplus €17.0 bn

Euro area international trade in goods surplus €17.0 bn

Euro area international trade in goods surplus €17.0 bn

The FINANCIAL -- The first estimate for euro area (EA19) exports of goods to the rest of the world in December 2018 was €176.5 billion, a decrease of 2.5% compared with December 2017 (€181.0 bn). Imports from the rest of the world stood at €159.5 bn, a rise of 1.9% compared with December 2017 (€156.5 bn). As a result, the euro area recorded a €17.0 bn surplus in trade in goods with the rest of the world in December 2018, compared with +€24.5 bn in December 2017. Intra-euro area trade fell to €142.6 bn in December 2018, down by 1.2% compared with December 2017.

In January to December 2018, euro area exports of goods to the rest of the world rose to €2 276.3 bn (an increase of 3.7% compared with January-December 2017), and imports rose to €2 082.1 bn (an increase of 6.2% compared with January-December 2017). As a result the euro area recorded a surplus of €194.2 bn, compared with +€234.9 bn in January-December 2017. Intra-euro area trade rose to €1 941.9 bn in January-December 2018, up by 5.2% compared with January-December 2017.

 

European Union

 

The first estimate for extra-EU28 exports of goods in December 2018 was €153.9 billion, down by 3.9% compared with December 2017 (€160.1 bn). Imports from the rest of the world stood at €153.2 bn, up by 4.3% compared with December 2017 (€146.9 bn). As a result, the EU28 recorded a €0.7 bn surplus in trade in goods with the rest of the world in December 2018, compared with +€13.1 bn in December 2017. Intra-EU28 trade fell to €255.2 bn in December 2018, -1.5% compared with December 2017.

In January to December 2018, extra-EU28 exports of goods rose to €1 954.9 bn (an increase of 4.0% compared with January-December 2017), and imports rose to €1 977.5 bn (an increase of 6.5% compared with January- December 2017). As a result, the EU28 recorded a deficit of €22.6 bn, compared with a surplus of €22.2 bn in January-December 2017. Intra-EU28 trade rose to €3 514.3 bn in January-December 2018, +4.8% compared with January-December 2017.