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- The euro area recorded a €16.5 bn surplus in trade balance in May, lower than expected
The euro area recorded a €16.5 bn surplus in trade balance in May, lower than expected
The first estimate for euro area (EA19) exports of goods to the rest of the world in May 2018 was €189.6 billion, a decrease of 0.8% compared with May 2017 (€191.2 bn). Imports from the rest of the world stood at €173.1 bn, a rise of 0.7% compared with May 2017 (€171.9 bn). As a result, the euro area recorded a €16.5 bn surplus in trade in goods with the rest of the world in May 2018, compared with +€19.3 bn in May 2017. Intra-euro area trade rose to €162.3 bn in May 2018, up by 0.5% compared with May 2017.
In January to May 2018, euro area exports of goods to the rest of the world rose to €927.6 bn (an increase of 2.8% compared with January-May 2017), while imports rose to €847.6 bn (also an increase of 2.8% compared with January-May 2017). As a result the euro area recorded a surplus of €80.0 bn, compared with +€78.0 bn in January-May 2017. Intra-euro area trade rose to €808.0 bn in January-May 2018, up by 4.8% compared with January-May 2017
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