Euro Area

Based on the first estimate from Eurostat  for the euro area (EA19) exports of goods to the rest of the world in October 2017 amounted to €187.9 billion, up 8.8% versus €172.6 billion for October 2016.  Imports from the rest of the world stood at €168.9 billion, an increase of 10.1% relative to October 2016 (€153.4 billion). Consequently, the euro area posted an €18.9 billion surplus in trade in goods with the rest of the world in October 2017. This compared to a surplus of €19.2 billion for the corresponding period in 2016.

Between January 2017 and October 2017, the euro area exports of goods to the rest of the world totaled €1,812.6 billion, while imports stood at €1,624.7 billion. According to Eurostat, “the euro area recorded a surplus of €187.9 billion, compared with €213.8 billion in January-October 2016. Intra-euro area trade rose to €1 529.3 billion in January-October 2017, up by 7.6% compared with January-October 2016.”

EU28

Estimates for the EU28 reflected exports of goods in October 2017 amounted to €159.4 billion, 8.6% more than the €146.8 billion recorded for October 2016. The EU28 imports for October 2017 rose 10.6% to €159.6 billion (October 2016: €144.4 billion). As a result the deficit for October 2017 was €0.3 billion compared to a surplus of €2.4 billion in October 2016.

Between January 2017 – October 2017, export for the EU28 amounted €1,549.7 billion, up 8.95 compared to the similar period in 2016. Imports for the same period amounted to €1,544.5 billion, 9% above the corresponding period in 2016. This resulted in a surplus of €5.2 billion (January 2017 – October 2017: €5.3 billion)

 

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