Euro area trade in goods recorded €24.3 billion surplus

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Monday, Feb 15 2016

The first estimate for euro area (EA19) exports of goods to the rest of the world in December 2015 was €167.5 billion, an increase of 3% compared with December 2014 (€162.1 bn). Imports from the rest of the world stood at €143.2 bn, also a rise of 3% compared with December 2014 (€138.5 bn). As a result, the euro area recorded a

€24.3 bn surplus in trade in goods with the rest of the world in December 2015, compared with +€23.6 bn in December 2014.

Intra-euro area trade rose to €130.3 bn in December 2015, up by 2% compared with December 2014. In 2015, euro area exports of goods to the rest of the world rose to €2 040.2 bn (an increase of 5% compared with 2014), while imports rose to €1 794.2 bn (an increase of 2% compared with 2014). As a result, the euro area recorded a surplus of €246.0 bn, compared with +€184.3 bn in 2014. Intra-euro area trade rose to €1 689.0 bn in 2015, up by 3% compared with 2014.

Euro is currently being traded few points above 1.12 level. Pair is likely to find support around 1.1150 handle and resistance above 1.13 level. There will be no data releases in the rest of the session.

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