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- Eurozone's trade surplus rose sharply in June
Eurozone's trade surplus rose sharply in June
According to the report from Eurostat, the first estimate for euro area exports of goods to the rest of the world in June 2021 was €209.9 billion, an increase of 23.8% compared with June 2020 (€169.6 bn), a month which had been affected by the COVID-19 containment measures widely introduced by the Member States. Imports from the rest of the world stood at €191.8 bn, a rise of 28.2% compared with June 2020 (€149.6 bn). As a result, the euro area recorded a €18.1 bn surplus in trade in goods with the rest of the world in June 2021, compared with +€20.0 bn in June 2020. Intraeuro area trade rose to €188.0 bn in June 2021, up by 24.6% compared with June 2020.
In January to June 2021, euro area exports of goods to the rest of the world rose to €1 172.5 bn (an increase of 15.5% compared with January-June 2020), and imports rose to €1 070.1 bn (an increase of 15.2% compared with January-June 2020). As a result the euro area recorded a surplus of €102.5 bn, compared with +€86.0 bn in January June 2020. Intra-euro area trade rose to €1 047.8 bn in January-June 2021, up by 20.3% compared with January-June 2020.
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