Euro Area Trade Surplus Widens 2.5% in December


The Eurozone trade surplus increased to €24.3 billion in December of 2015 compared to a €23.7 billion surplus a year earlier but missing market expectations of €27.5 billion, as both exports and imports rose 3 percent. Considering full 2015, the trade surplus increased to €246.0 billion, compared with €184.3 billion in 2014.

Exports of goods to the rest of the world was €167.5 billion, an increase of 3 percent compared with €162.1 billion in December 2014. Imports from the rest of the world stood at €143.2 billion, also a rise of 3 percent compared with €138.5 billion a year earlier. Intra-euro area trade rose to €130.3 billion in December 2015, up by 2 percent compared with December 2014.

In 2015, euro area exports of goods to the rest of the world rose to €2,040.2 billion (an increase of 5 percent compared with 2014), while imports rose to €1,794.2 bn (an increase of 2 percent compared with 2014). As a result, the euro area recorded a surplus of €246.0 billion, compared with €184.3 bn in 2014. Intra-euro area trade rose to €1,689.0 billion in 2015, up by 3 percent compared with 2014.

The Eurpean Union recorded a €20.5 billion surplus in December 2015, compared with €11.4 billion in a year earlier. Exports were recorded at €156.0 billion, up by 7 percent compared with €145.8 billion in December 2014. Imports from the rest of the world stood at €135.5 billion, up by 1 percent compared with €134.4 billion in December 2014. Intra EU28 trade rose to €234.7 billion in December 2015, up 3 percent compared with December 2014.

Considering full 2015, extra-EU28 exports of goods rose to €1,789.1 bn (an increase of 5 percent compared with 2014), while imports rose to €1,724.9 bn (an increase of 2 percent compared with 2014). As a result, the EU28 recorded a surplus of €64.2 billion, compared with €13.3 billion in 2014. Intra-EU28 trade rose to €3,066.6 bn in 2015, up 5 percent compared with 2014.

Euro Area Trade Surplus Widens 2.5% in December


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/15/2016 10:14:03 AM