Eurozone Trade Balance recorded a €16.1 bn surplus

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Monday, Oct 16 2017

Eurozone Trade Balance recorded a €16.1 bn surplus

The first estimate for euro area (EA19) exports of goods to the rest of the world in August 2017 was €171.5 billion, an increase of 6.8% compared with August 2016 (€160.6 bn). Imports from the rest of the world stood at €155.4 bn, a rise of 8.6% compared with August 2016 (€143.1 bn). As a result, the euro area recorded a €16.1 bn surplus in trade in goods with the rest of the world in August 2017, compared with +€17.5 bn in August 2016. Intra-euro area trade rose to €132.9 bn in August 2017, up by 7.6% compared with August 2016.

The first estimate for extra-EU28 exports of goods in August 2017 was €145.5 billion, up by 6.4% compared with August 2016 (€136.7 bn). Imports from the rest of the world stood at €150.5 bn, up by 3.9% compared with August 2016 (€144.8 bn). As a result, the EU28 recorded a €5.1 bn deficit in trade in goods with the rest of the world in August 2017, compared with -€8.2 bn in August 2016. Intra-EU28 trade rose to €249.3 bn in August 2017, +7.7% compared with August 2016.

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