Eurozone Trade Balance surplus rose to 19.7 billion

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Friday, Jul 14 2017

Eurozone Trade Balance surplus rose to 19.7 billion

The first estimate for euro area (EA19) exports of goods to the rest of the world in May 2017 was €189.6 billion, an increase of 12.9% compared with May 2016 (€167.8 bn). Imports from the rest of the world stood at €168.1 bn, a rise of 16.4% compared with May 2016 (€144.4 bn). As a result, the euro area recorded a €21.4 bn surplus in trade in goods with the rest of the world in May 2017, compared with +€23.4 bn in May 2016. Intra-euro area trade rose to €162.4 bn in May 2017, up by 15.3% compared with May 2016.

In January to May 2017, euro area exports of goods to the rest of the world stood at €898.5 bn (an increase of 8.5% compared with January-May 2016) and imports at €815.6 bn (an increase of 12.3% compared with January- May 2016). As a result the euro area recorded a surplus of €82.9 bn, compared with +€101.5 bn in January-May 2016. Intra-euro area trade rose to €771.2 bn in January-May 2017, +8.7% compared with January-May 2016.

More in this category: « UK public finances face twin threat from Brexit and downturn, says OBR U.S. CPI unchanged in June »

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