April 21, 2021

European Union

The first estimate for extra-EU exports of goods in February 2021 was €164.7 billion, down by 3.6% compared with February 2020 (€170.8 bn). Imports from the rest of the world stood at €143.6 bn, down by 3.0% compared with February 2020 (€148.1 bn). As a result, the EU recorded a €21.1 bn surplus in trade in goods with the rest of the world in February 2021, compared with +€22.7 bn in February 2020. Intra-EU trade remained almost unchanged at €254.2 bn in February 2021 compared with February 2020.

In January to February 2021, extra-EU exports of goods fell to €313.5 bn (a decrease of 6.9% compared with January-February 2020), and imports fell to €283.7 bn (a decrease of 10.3% compared with January-February 2020). As a result, the EU recorded a surplus of €29.7 bn, compared with +€20.5 bn in January-February 2020. Intra-EU trade fell to €498.7 bn in January-February 2021, -2.9% compared with January-February 2020.

Euro area

The first estimate for euro area exports of goods to the rest of the world in February 2021 was €178.6 billion, 5.5% decline when compared with February 2020 (€188.9 bn). Imports from the rest of the world stood at €161.0 bn, a fall of 2.7% compared with February 2020 (€165.4 bn). As a result, the euro area recorded a €17.7 bn surplus in trade in goods with the rest of the world in February 2021, compared with +€23.4 bn in February 2020. Intra-euro area trade rose to €164.8 bn in February 2021, up by 1.7% compared with February 2020.

In January to February 2021, euro area exports of goods to the rest of the world fell to €346.2 bn (a decrease of 7.2% compared with January-February 2020), and imports fell to €317.5 bn (a decrease of 8.7% compared with January-February 2020). Consequently, the euro area recorded a surplus of €28.7 bn, compared with +€25.0 bn in January-February 2020. Intra-euro area trade fell to €319.2 bn in January-February 2021, down by 2.7% compared with January-February 2020.

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