Euro Area International Trade in Goods surplus EUR 3.3 billion, EUR 20.3 billion deficit for EU28

Euro Area

The first estimate for euro area (EA19) exports of goods to the rest of the world in January 2018 was EUR 178.6  billion, an increase of 9.1 % compared with January 2017 (EUR 163.7 billion). Imports from the rest of the world stood at EUR 175.4 billion, a rise of 6.3 % compared with January 2017 (EUR 165.0 billion). As a result, the euro area recorded a EUR 3.3 billion surplus in trade in goods with the rest of the world in January 2018, compared with a deficit of EUR 1.4 billion in January 2017. Intra-euro area trade rose to EUR 159.8 billion in January 2018, up by 8.8 % compared with January 2017.

In 2017, euro area exports of goods to the rest of the world rose to EUR 2 194.0 billion (an increase of 7.1 % compared with 2016), while imports rose to EUR 1 958.0 billion (an increase of 9.8 % compared with 2016). As a result the euro area recorded a surplus of EUR 236.0 billion, compared with +EUR 265.3 billion in 2016. Intra-euro area trade rose to EUR 1 844.1 billion in 2017, up by 7.6 % compared with 2016.

European Union

The first estimate for extra-EU28 exports of goods in January 2018 was EUR 150.5 billion, up by 6.5% compared with January 2017 (EUR 141.3 billion). Imports from the rest of the world stood at EUR 170.8 billion, up by 7.6 % compared with January 2017 (EUR 158.7 billion ). As a result, the EU28 recorded a EUR 20.3 Billion deficit in trade in goods with the rest of the world in January 2018, compared with -EUR 17.4 billion in January 2017. Intra-EU28 trade rose to EUR 288.2 billion in January 2018, +9 % compared with January 2017.

In 2017, extra-EU28 exports of goods rose to EUR 1 878.8 billion (an increase of 7.7 % compared with 2016), while imports rose to EUR 1 855.9 Billion (an increase of 8.4 % compared with 2016). As a result, the EU28 recorded a surplus of EUR 22.9 billion, compared with +EUR 32.1 billion in 2016. Intra-EU28 trade rose to EUR 3 347.3 billion in 2017, +7.4 % compared with 2016.

Seasonallly adjusted data

In January 2018 compared with December 2017, euro area seasonally adjusted exports decreased by 0.7%, while imports increased by 1.1%. The seasonally adjusted balance was +EUR  19.9 billion , a fall compared with December (+EUR  23.2 billion ).

In January 2018 compared with December 2017, EU28 seasonally adjusted exports fell by 1.0 %, while imports rose by 3.2 %. The seasonally adjusted balance was -EUR 1.0 billionn, a fall compared with December (+EUR 5.7 billion).

http://ec.europa.eu/eurostat