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 2012 gave a 15.6 bn euro surplus, compared with +2.1 bn in July 2011.

The June 2012 balance was +13.6 bn, compared with +0.2 bn in June 2011. In July 2012 compared with June 2012, seasonally adjusted exports fell by 2.0% and imports by 1.2%.

The largest surplus was observed in Germany (+92.4 bn euro in January-June 2012), followed by the Netherlands (+25.6 bn) and Ireland (+20.9 bn). France registered the largest deficit (-43.9 bn), followed by Spain (-18.9 bn).

Euro Area Trade Surplus Widens in July, Eurostat
9/17/2012 10:06:12 AM