Euro Area Trade Surplus Widens in January

The trade surplus in Eurozone increased to €7.9 billion in the first month of 2015 from a €0.83 billion surplus a year earlier. While exports showed no growth, imports fell 6 percent.

Year-on-year, exports were flat at €148.2 billion while imports shrank 6 percent to €140.3 billion. Intra-euro area trade fell to €130.5 billion, down 5 percent compared with January 2014.

On a monthly basis, non-seasonally adjusted sales went down 8.7 percent in January while imports increased 1.33 percent.

From January to December 2014, exports of goods to the rest of the world rose 2 percent year-on-year to €1943.5 billion, while imports remained nearly stable at €1750.6 billion. As a result, the Euro Area recorded a surplus of €192.9 billion, compared with +€151.9 billion in January-December 2013. Intra-euro area trade rose 1 percent to €1642.3 billion. 

In January of 2015, the European Union recorded a €10.6 billion trade deficit, compared with a €4.6 billion gap a year earlier, as shipments went down 2 percent and imports decreased 5 percent. 

Euro Area Trade Surplus Widens in January

Eurostat | Joana Taborda |
3/18/2015 12:13:29 PM