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- Eurozone's trade surplus grew moderately in July
Eurozone's trade surplus grew moderately in July
According to the report from Eurostat, the first estimate for euro area exports of goods to the rest of the world in July 2021 was €206.0 billion, an increase of 11.4% compared with July 2020 (€184.9 bn). Imports from the rest of the world stood at €185.3 bn, a rise of 17.1% compared with July 2020 (€158.2 bn). As a result, the euro area recorded a €20.7 bn surplus in trade in goods with the rest of the world in July 2021, compared with +€26.8 bn in July 2020. Intra-euro area trade rose to €179.7 bn in July 2021, up by 16.8% compared with July 2020.
In January to July 2021, euro area exports of goods to the rest of the world rose to €1 378.3 bn (an increase of 14.8% compared with January-July 2020), and imports rose to €1 255.9 bn (an increase of 15.5% compared with January-July 2020). As a result the euro area recorded a surplus of €122.4 bn, compared with +€112.8 bn in January-July 2020. Intra-euro area trade rose to €1 230.5 bn in January-July 2021, up by 20.1% compared with January-July 2020.
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