EU trade in goods balance close to €200 bn surplus in 2019, Cyprus exports more to non EU countries
In 2019, the trade in goods balance of the European Union of 27 Member States (EU) was in surplus by €197 billion, a significant increase with respect to 2018 (+€152 bn), according to annual data issued today by Eurostat, the statistical office of the European Union.
At Member State level, trade within the EU largely prevails, but Ireland (37%) and Cyprus (41%) were the only Member States that exported more goods to non-EU countries than within the EU in 2019.
More specifically, Eurostat states that after recording a small deficit between 2009 and 2011, the EU trade balance recorded a continuous surplus that peaked at €264 billion in 2016, and then decreased in 2017 and 2018.
(CNA)
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At Member State level, trade within the EU largely prevails, but Ireland (37%) and Cyprus (41%) were the only Member States that exported more goods to non-EU countries than within the EU in 2019.
More specifically, Eurostat states that after recording a small deficit between 2009 and 2011, the EU trade balance recorded a continuous surplus that peaked at €264 billion in 2016, and then decreased in 2017 and 2018.
(CNA)
*The full text of the news item is available in the paid version of the CNA web service. Subscription Form
*CNA reserves the copyright to the news stories it files, which is granted to subscribers for specific use only.
from Cyprus News Agency
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