Euro Area Trade Surplus Widens Slightly

The Eurozone trade surplus increased to €23.6 billion in November of 2015 compared to a €20.2 billion surplus a year earlier. Exports recorded the highest annual gain in four months and imports rebounded.

Euro Area exports jumped 6 percent year-on-year to €173.5 billion while imports increased 5 percent to €149.9 billion. Intra-euro area trade rose to € 145.7 billion, up by 5 percent compared with November of 2014. 

Considering January to November 2015, exports of goods rose 5 percent year-on-year to € 1 873.0 billion, while imports increased 2 percent to €1 650.9 billion. As a result, the Euro Area recorded a surplus of €222.1 billion, higher than €160.7 billion surplus in January-November 2014. 

The first estimate for European Union exports in November 2015 was €148.2 billion, up by 2 percent compared with November 2014. Imports stood at €142.4 billion, up by 5 percent year-on-year. As a result, the EU 28 recorded a €5.9 billion surplus, lower than +€9.5 billion a year earlier.

Euro Area Trade Surplus Widens Slightly

Eurostat | Joana Taborda |
1/15/2016 10:41:51 AM