Euro Area Trade Surplus at 2-Year Low in January

The Eurozone trade surplus narrowed to €6.2 billion in January of 2016 from €7.1 billion a year earlier, the lowest since January of 2014 and below market expectations of €9.0 billion. Exports fell 2 percent and imports edged down 1 percent.

Euro Area exports reached €145.3 billion compared to €148.0 billion in January 2015 while imports stood at €139.1 billion compared to €140.9 billion in the previous year. Intra-euro area trade rose to €132.5 billion, unchanged from a year ago. 

In the European Union, exports were recorded at €121.6 billion, down by 4 percent year-on-year from €126.9 billion. Imports stood at €132.7 billion, also down 4 percent year-on-year from €138.6 billion, thus resulting in a €11 billion surplus in trade in goods with the rest of the world, compared with a €11.8 billion deficit in January 2015.

In January 2016 compared with December 2015, EU28 seasonally adjusted exports fell by 1.9 percent and imports declined by 1.3 percent. The seasonally adjusted balance was €21.2 billion, a fall compared with December (€22.5 billion surplus).

Euro Area Trade Surplus at 2-Year Low in January

Eurostat | Yekaterina Guchshina |
3/17/2016 10:23:24 AM