Euro area June goods trade surplus slips to €20.6bn

The first estimate for Euro area (EA19) exports of goods to the rest of the world in June 2019 was €189.9 billion, a decrease of 4.7% compared with June 2018, the European Commission said.

Imports from the rest of the world stood at €169.3 billion, a fall of 4.1% compared with June 2018. 

As a result, the Euro area recorded a €20.6 billion surplus in trade in goods with the rest of the world in June 2019, compared with a €22.6 billion surplus in June 2018. 

Intra-Euro area trade fell to €160.5 billion in June 2019, down 6.6% on June 2018.

For January to June 2019, Euro area exports of goods to the rest of the world rose to €1.163 trillion, an increase of 3.2% compared with January-June 2018, and imports rose to €1.061 trillion, an increase of 3.7% compared with January-June 2018.

As a result, the Euro area recorded a surplus of €102.2 bn, compared with a €103.6 billion surplus for January-June 2018. 

Intra-Euro area trade rose to €1.001 trillion in January-June 2019, up 1.8% compared with January-June 2018.

The Euro area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The first estimate for extra-EU28 exports of goods in June 2019 was €164.5 billion, down 4.4% compared with June 2018.

Imports from the rest of the world stood at €158.3 billion, down 4.2% compared with June 2018.

As a result, the EU28 recorded a €6.1 billion surplus in trade in goods with the rest of the world in June 2019, compared with a €7 billion surplus in June 2018. 

Intra-EU28 trade fell to €288.8 billion in June 2019, down 6.4% compared with June 2018.

In January to June 2019, extra-EU28 exports of goods rose to €998.4 billion, an increase of 4.2% compared with January-June 2018, and imports rose to €1.007 trillion, an increase of 4.9% compared with January-June 2018.

As a result, the EU28 recorded a deficit of €9.1 billion, compared with a €2.2 billion deficit in January-June 2018. 

Intra-EU28 trade rose to €1.814 trillion in January-June 2019, up 2.3% compared with January-June 2018.

The European Union (EU28) includes Belgium, Bulgaria, Czechia, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.

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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.