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For additional information relating to this article, please contact:

Barbara Ruszel Economist
Tel: 902-424-1848Email: Basia.Ruszel-Lichodzijewska@novascotia.ca

October 16, 2017
EURO AREA TRADE BALANCE IN GOODS, AUGUST 2017

In August 2017, the euro area (EA19) recorded a €16.1 bn surplus in trade in goods (not seasonally adjusted) with the rest of the world. The first estimate for EA19 exports of goods reported an increase of 6.8 per cent to €171.5 billion over August 2016. Imports increased 8.6 per cent to €155.4 bn over August 2016.

It was also reported that intra-euro area trade increased 7.6 per cent to €132.9 bn over August 2016.

In August 2017, the European Union (EU28) recorded a €5.1 bn deficit in trade in goods (not seasonally adjusted) with the rest of the world. The first estimate for EU28 exports of goods  reported an increase of 6.4 per cent to €145.5 billion over August 2016. Imports increased 3.9 per cent to €150.5 bn over August 2016.

It was also reported that intra-EU28 area trade increased 7.7 per cent to €249.3 bn over August 2016.

 

Selected EU Trading Partners

In January-August 2017, the European Union (EU28) recorded a €75.4 bn surplus in trade in goods (not seasonally adjusted) with the United States. The first estimate for EU28 exports of goods to the US  reported a increase of 4.0 per cent to €248.1 billion over Jan-Aug 2016. Imports increased 3.4 per cent to €172.7 bn over Jan-Aug 2016.

In January-August 2017, the European Union (EU28) recorded a €4.0 bn surplus in trade in goods (not seasonally adjusted) with Canada. The first estimate for EU28 exports of goods to Canada  reported a increase of 8.8 per cent to €25.2 billion over Jan-Aug 2016. Imports increased 12.7 per cent to €21.2 bn over Jan-Aug 2016.

Source Eurostat Data Press Release  

 

 

 

 

 



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