Euro area’s international trade records €9.4 bn surplus in May 2020

The first estimate for euro area exports of goods to the rest of the world in May 2020 was €143.3 billion, recording a decrease of 29.5% compared with May 2019 (€203.4 bn),  according to data released today by Eurostat, the statistical service of the EU.

Meanwhile, imports from the rest of the world stood at €133.9 bn, a fall of 26.7% compared with May 2019 (€182.7 bn). As a result, the euro area recorded a €9.4 bn surplus in trade in goods with the rest of the world in May 2020, compared with a surplus of €20.7 bn in May 2019. Intra-euro area trade fell to €125.3 bn in May 2020, down by 27.9% compared with May 2019.

In January to May 2020, euro area exports of goods to the rest of the world fell to €845.8 bn (a decrease of 13.1% compared with January-May 2019), and imports fell to €779.7 bn (a decrease of 13.1% compared with January-May 2019). As a result,

(CNA)

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