Euro Area April Trade Surplus At 3-Year Low


The Euro Area trade surplus narrowed to EUR 17.85 billion in April of 2017 from a EUR 26.63 billion surplus a year earlier. It is the lowest surplus for an April month since 2014. Exports went down 2.8 percent year-on-year, the first decline in six months while imports rose 2.7 percent.

Exports fell to EUR 167.67 million, following a 14.4 percent jump in March. Imports rose to EUR 149.82 billion, after a 16 percent gain in the previous month. Intra-euro area trade stood at EUR 144.7 billion, nearly stable compared with April of 2016. In the first four months of the year, exports of goods fell to EUR 63.2 billion from EUR 78.1 billion a year earlier. Intra-euro area trade rose to EUR 609.3 billion, up by 7 percent.

Considering the European Union, exports went down 2 percent to EUR 144.6 billion in April and imports rose 2 percent to EUR 144.6 billion, thus resulting in a EUR 0.1 billion deficit. It compares with a EUR 4.5 billion surplus a year earlier. Intra-EU 28 trade fell to EUR 259.2 billion, -1 percent compared with April of 2016.

In the first four months of 2017, EU 28 exports went up 9 percent to EUR 607.4 billion, boosted by machinery and vehicles (6 percent); other manufactured goods (5 percent); chemicals (10 percent); food and drinks (5 percent); energy (58 percent) and raw materials (22 percent). Sales increased for the US (6 percent), China (17 percent) and Switzerland (9 percent), the top three export partners. Imports jumped 10 percent to EUR 613.7 billion as eneergy purchases increased 54 percent. The trade balance swang into a EUR 6.3 billion deficit from a EUR 0.8 billion surplus a year earlier.

Euro Area April Trade Surplus At 3-Year Low


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
6/15/2017 9:57:21 AM