April 17, 2018

Euro area (EA19) exports of goods to the rest of the world in February 2018 was €177.5 billion, an increase of 3.0% compared with February 2017 (€172.3 billion). On the other hand, imports from the rest of the world stood at €158.6 billion, a rise of 1.5% compared with February 2017 (€156.2 billion). Consequently, the euro area recorded an €18.9 billion surplus in trade in goods with the rest of the world in February 2018, compared with  a surplus of €16.1 billion in February 2017.

European Union, or EU28 exports of goods in February 2018 was €149.2 billion, up by 1.7% compared with February 2017 (€146.7 billion). Imports from the rest of the world stood at €145.9 billion, down by 0.4% compared with February 2017 (€146.5 billion). As a result, the EU28 recorded a €3.3 billion surplus in trade in goods with the rest of the world in February 2018, compared with  a €0.2 billion surplus recorded  in February 2017.

Intra-euro area trade rose to €153.7 billion in February 2018, up by 3.9% compared with February 2017; Intra-EU28 trade rose to €277.4 billion in February 2018, +3.5% compared with February 2017.

Over the two month period, January 2018 to February 2018, euro area exports of goods to the rest of the world rose to €356.2 billion (an increase of 5.9% compared with January-February 2017), while imports rose to €333.8 billion (an increase of 3.8% compared with January-February 2017). For the same period, January 2018 to February 2018, extra-EU28 exports of goods rose to €299.7 billion (an increase of 4% compared with January-February 2017), while imports rose to €316.8 billion (an increase of 3.6% compared with January-February 2017). Imports for the entire region increase at a higher volume than export, resulting in a deficit of €17.1 billion for January-February 2018, compared with -€17.5 billion in January-February 2017. However, Euro area (EA19) recorded a surplus of €22.4 billion for January-February 2018.

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