Euro Area Trade Surplus Narrows in August

The first estimate for the Euro Area trade in goods balance with the rest of the world in August 2012 gave a 6.6 bn euro surplus, compared with -5.7 bn in August 2011.

The July 2012 balance was +14.7 bn, compared with +2.1 bn in July 2011. In August 2012 compared with July 2012, seasonally adjusted exports rose by 3.7% and imports by 2.1%.

Concerning the total trade of Member States, the largest surplus was observed in Germany(+109.1 bn euro in January-July 2012), followed by the Netherlands(+29.1 bn) and Ireland(+24.8 bn). France (-48.9 bn) registered the largest deficit, followed by Spain (-20.5 bn).

Euro Area Trade Surplus Narrows in August, Eurostat
10/16/2012 10:22:39 AM