Euro Area Trade Surplus Widens in September


Euro Area's trade surplus increased to EUR 26.4 billion in September of 2017 from a EUR 24.3 billion surplus a year earlier. It is the highest surplus ever for a September month.

Exports went up 5.6 percent year-on-year to EUR 187.1 billion and imports increased at a slower 5.1 percent to EUR 160.7 billion. Intra-euro area trade rose to EUR 157.6 billion in September of 2017, up by 4.9 percent compared with a year earlier.

Considering the January to September period, exports went up 7.4 percent to EUR 1624.9 billion and imports rose 10.4 percent to EUR 1454.5 billion, thus narrowing the bloc's trade surplus to EUR 170.4 billion from EUR 195.1 billion in the same period of 2016. Intra-euro area trade rose 7.4 percent to EUR 1369.2 billion.

Considering the European Union, exports went up 6.3 percent year-on-year to EUR 156.8 billion and imports rose 3.2 percent to EUR 153.7 billion. The trade surplus jumped to EUR 3.1 billion from EUR 1.6 billion in September of 2016. Intra-EU28 trade rose 4.9 percent to EUR 287.8 billion.

In the first nine months of the year, sales surged 9 percent to EUR 1390.3 billion, with rises seen mainly for machinery and vehicles (7.3 percent); other manufactured goods (7.4 percent); chemicals (7.3 percent); food and drink (5.5 percent); energy (37.1 percent) and raw materials (18.4 percent). Imports rose at a slightly slower 8.6 percent to EUR 1382.9 billion, due to purchases of both manufactured (6.2 percent) and primary (22.5 percent) goods. The EU 28 surplus increased to EUR 7.4 billion from EUR 3.1 billion a year earlier. Intra-EU28 trade rose 7 percent to EUR 2483.5 billion. 

Euro Area Trade Surplus Widens in September


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
11/15/2017 10:48:31 AM