Eurozone goods trade surplus increases by 4.8 billion euros in August

The eurozone recorded a surplus of trade in goods with the rest of the world of €4.8 billion, a figure that compares with a surplus of €14 billion in August 2020.

The first estimate for the month of August for exports of goods from the euro zone to the rest of the world is 184.3 billion euros, an increase of 18.2% when compared to the same period in 2020, when 155.9 billion euros were recorded.

As for imports, and according to data released this Friday by the European statistics office, there was an increase of 26.6% or 23.6 billion euros to 179.5 billion euros in August 2020. All told, the euro zone recorded a surplus of trade in goods with the rest of the world of 4.8 billion euros, a figure that compares with a surplus of 14 billion euros in August 2020.

As for intra-Euro trade, the surplus increased by 155.5 billion euros in August 2021, an increase of 21.2% when compared to the same period last year.

In cumulative value, from January to August 2021, euro area exports of goods to the rest of the world rose to €1,563.0 million, or a 15.2% increase compared with the first nine months of 2020. In turn, imports rose to €1,436.2 million (an increase of 16.8 percent compared to January to August 2020).

As a result, the eurozone recorded a surplus of €126.9 billion, compared to a surplus of €126.8 billion in January-August 2020. Intra-euro trade, meanwhile, rose to €1,388.4 million during the first nine months of the year, up 20.3% compared to the same period in 2020.

Source: AICEP