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- EuroZone trade balance surplus increased in August
EuroZone trade balance surplus increased in August
The first estimate for euro area (EA19) exports of goods to the rest of the world in August 2016 was €160.3 billion, an increase of 8% compared with August 2015 (€148.1 bn). Imports from the rest of the world stood at €141.9 bn, a rise of 4% compared with August 2015 (€136.9 bn). As a result, the euro area recorded a €18.4 bn surplus in trade in goods with the rest of the world in August 2016, compared with +€11.2 bn in August 2015. Intra-euro area trade rose to €121.6 bn in August 2016, up by 6% compared with August 2015.
In January to August 2016, euro area exports of goods to the rest of the world stood at €1 335.3 bn (a decrease of 1% compared with January-August 2015) and imports at €1 156.6 bn (a decrease of 3% compared with JanuaryAugust 2015). As a result the euro area recorded a surplus of €178.7 bn, compared with +€151.9 bn in JanuaryAugust 2015. Intra-euro area trade remained stable at €1 117.4 bn in January-August 2016 compared with January-August 2015.
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