Euro Area Trade Surplus Widens in July


The first estimate for the euro area trade in goods balance with the rest of the world in July of 2014 gave a €21.2 billion surplus, compared with +€18.0 billion a year earlier. Exports rose 3 percent while imports increased at a slower 1 percent.

In July, exports amounted to € 141.7 billion while imports were recorded at € 138.8 billion.

The June 2014 balance was +€16.7 billion, compared with +€15.7 billion in June 2013. In July 2014 compared with June 2014, seasonally adjusted exports fell by 0.2 percent while imports rose by 0.9 percent.

The first estimate for the July 2014 extra-EU28 trade balance was a €1.7 billion surplus, compared with +€10.8 billion in July 2013. In June 2014 the balance was +€2.8 billion, compared with +€8.6 billion in June 2013. In July 2014 compared with June 2014, seasonally adjusted exports fell by 0.3 percent while imports rose by 2.3 percent.

The highest increases in EU 28 exports were registered with China (+10 percent in January-June 2014 compared with January-June 2013) and South Korea (+8 percent), and for EU 28 imports with South Korea (+11 percent), Turkey (+7 percent), China and Switzerland (both +5 percent). The most notable decreases were recorded for exports to Switzerland (-22 percent), Russia (-13 percent) and India (-11 percent), and for imports from Russia and Japan (both -6 percent), Norway and Brazil (both -5 percent).

Concerning the total trade of Member States, the largest surplus was observed in Germany (+€100.7 billion in January-June 2014), followed by the Netherlands (+€31.1 billion), Ireland (+€17.6 billion) and Italy (+€17.3 billion). The United Kingdom (-€60.2 billion) registered the largest deficit, followed by France (-€36.9 billion), Spain (-€11.9 billion) and Greece (-€10.6 billion)

Euro Area Trade Surplus Widens in July


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
9/15/2014 10:16:32 AM