Euro zone March trade surplus up to €30.9bn

The first estimate for euro area exports of goods to the rest of the world in March 2017 was €202.3 billion, up 13% on March 2016, according to Eurostat, the European Union statistics office.

Imports from the rest of the world stood at €171.4 billion, up 14% on March 2016.

As a result, the euro area recorded a €30.9 billion surplus in trade in goods with the rest of the world in March 2017, compared with a €28.2 billion surplus in March 2016.

Intra-euro area trade rose to €168.1 billion in March 2017, up 12%.

For the January to March 2017 period, euro area exports of goods to the rest of the world stood at €536.5 billion, an increase of 10% on January-March 2016, and imports stood at €489.9 billion, up 12% on January-March 2016.

As a result, the euro area recorded a surplus of €46.7 billion, down from the €51.1 billion surplus in January- March 2016.

Intra-euro area trade rose to €461.2 billion in January-March 2017, up 9% on January-March 2016.

For the whole European Union, the first estimate for extra-EU28 exports of goods in March 2017 was €175.6 billion, up 16% on March 2016.

Imports from the rest of the world stood at €165.1 billion, up 14% on March 2016.

As a result, the EU28 recorded a €10.5 billion surplus in trade in goods with the rest of the world in March 2017, compared with a €5.9 billion surplus in March 2016.

Intra-EU28 trade rose to €303.1 billion in March 2017, up 11% on March 2016.

For January to March 2017, extra-EU28 exports of goods stood at €462.5 billion, up 13% on January-March 2016, and imports stood at €468.2 billion, up 13%.

As a result, the EU28 recorded a deficit of €5.7 billion, compared with a €3.7 billion deficit in January-March 2016.

Intra-EU28 trade rose to €831.6 billion in January-March 2017, up 8% on January-March 2016.

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.