Euro Area Trade Surplus Falls 8% YoY in June


The trade surplus in the Euro Area narrowed to EUR 26.6 billion in June of 2017 from a EUR 28.9 billion surplus a year earlier. Exports rose 3.9 percent while imports increased at a faster 6.2 percent. Considering the first six months of the year, the trade surplus decreased to EUR 107.7 billion from EUR 129.3 billion as imports jumped 11.6 percent and exports rose 7.9 percent.

In June, exports rose to EUR 187.2 billion, following a 13.6 percent rise in May. Imports went up to EUR 160.7 billion, after a 17.9 percent surge in the previous month. Intra-euro area trade rose 3.5 percent year-on-year to EUR 157.5 billion. 

Considering the European Union, sales rose 4 percent over a year earlier to EUR 158 billion and imports increased 3.9 percent to EUR 150.9 billion, thus widening the trade surplus to EUR 7.1 billion from EUR 6.7 billion in June last year. Considering the first half of 2017, exports rose 9.6 percent to EUR 931.1 billion, boosted by sales of machinery and vehicles (7.1 percent); other manufactured goods (7.7 percent); chemicals (9.3 percent); food and drinks (5.1 percent); energy (47.5 percent) and raw materials (20.9 percent). Shipments went up the most to Russia (23.9 percent), China (18.8 percent) and South Korea (16 percent) and those to the US which is the biggest export partner rose 4.3 percent. Imports went up 10.7 percent to EUR 928.7 billion, boosted by purchases of machinery and vehicles (7.1 percent); other manufactured goods (6.6 percent); energy (43.4 percent); chemicals (5.9 percent); raw materials (19.2 percent) and food and drinks (4 percent). Imports went up mainly from the US (4.1 percent), China (6.5 percent) and Russia (34.2 percent). 

Euro Area Trade Surplus Falls 8% YoY in June


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
8/17/2017 9:47:22 AM