- Analytics
- News and Tools
- Market News
- Eeurozone's trade surplus shrank in May
Eeurozone's trade surplus shrank in May
According to the report from Eurostat, the first estimate for euro area exports of goods to the rest of the world in May 2021 was €188.2 billion, an increase of 31.9% compared with May 2020 (€142.7 bn), a month which had been heavily affected by the COVID-19 containment measures widely introduced by the Member States. Imports from the rest of the world stood at €180.7 bn, a rise of 35.2% compared with May 2020 (€133.7 bn). As a result, the euro area recorded a €7.5 bn surplus in trade in goods with the rest of the world in May 2021, compared with +€8.9 bn in May 2020. Intra-euro area trade rose to €181.5 bn in May 2021, up by 45.4% compared with May 2020.
In January to May 2021, euro area exports of goods to the rest of the world rose to €957.9 bn (an increase of 13.3% compared with January-May 2020), and imports rose to €878.2 bn (an increase of 12.7% compared with January-May 2020). As a result the euro area recorded a surplus of €79.7 bn, compared with +€66.1 bn in January May 2020. Intra-euro area trade rose to €867.6 bn in January-May 2021, up by 20.5% compared with January-May 2020.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
