Euro Area Trade Surplus Up to Fresh Record High


The Eurozone trade surplus widened to €31.4 billion in July of 2015 from €21.2 billion a year earlier, jumping to a new record high. Exports surged 7 percent year-on-year while imports increased only 1 percent due to cheaper energy.

The first estimate for Euro Area exports of goods to the rest of the world in July 2015 was €185.2 billion, an increase of 7 percent compared with July 2014 (€173.7 bn). Imports from the rest of the world stood at €153.8 bn, a rise of 1 percent compared with July 2014 (€152.4 bn). Intra-euro area trade rose to €147.0 bn in July 2015, up by 4 percent compared with July 2014.

Considering January to July 2015, exports rose to €1197.3 bn (an increase of 7 percent compared with January-July 2014), while imports rose to €1050.8 bn (an increase of 2 percent compared with January-July2014). As a result the euro area recorded a surplus of €146.5 bn, compared with +€97.1 bn in January-July 2014. Intra-euro area trade rose to €998.3 bn in January-July 2015, up by 3 percent compared with January-July 2014.

Euro Area Trade Surplus Up to Fresh Record High


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
9/15/2015 10:36:32 AM