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INTERNATIONAL

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December 2019 Euro Area International Trade In Goods Surplus

December 2019 Euro Area International Trade In Goods Surplus

The first estimate for euro area (EA19) exports of goods to the rest of the world in December 2019 was €186.1 billion, an increase of 4.8% compared with December 2018 (€177.5 bn). Imports from the rest of the world stood at €163.0 bn, a rise of 1.1% compared with December 2018 (€161.2 bn). As a result, the euro area recorded a €23.1 bn surplus in trade in goods with the rest of the world in December 2019, compared with + €16.3 bn in December 2018. Intra-euro area trade rose to €145.5 bn in December 2019, up by 1.0% compared with December 2018, according to the Eurostat.

In January to December 2019, euro area exports of goods to the rest of the world rose to €2 345.4 bn (an increase of 2.7% compared with January-December 2018), and imports rose to €2 119.7 bn (an increase of 1.5% compared with January-December 2018). As a result the euro area recorded a surplus of €225.7 bn, compared with +€194.6 bn in January-December 2018. Intra-euro area trade rose to €1 965.1 bn in January-December 2019, up by 0.9% compared with January-December 2018.

European Union The first estimate for extra-EU27 exports of goods in December 2019 was €172.8 billion, up by 6.2% compared with December 2018 (€162.7 bn). Imports from the rest of the world stood at €149.4 bn, up by 1.0% compared with December 2018 (€147.9 bn). As a result, the EU27 recorded a €23.4 bn surplus in trade in goods with the rest of the world in December 2019, compared with +€14.8 bn in December 2018. Intra-EU27 trade rose to €222.7 bn in December 2019, +0.9% compared with December 2018.

In January to December 2019, extra-EU27 exports of goods rose to €2 132.3 bn (an increase of 3.5% compared with January-December 2018), and imports rose to €1 932.0 bn (an increase of 1.3% compared with January-December 2018). As a result, the EU27 recorded a surplus of €200.3 bn, compared with +€151.8 bn in January-December 2018. Intra-EU27 trade rose to €3 057.8 bn in January-December 2019, +1.4% compared with January-December 2018.

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