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February 20, 2024EURO AREA CURRENT ACCOUNT, DECEMBER AND ANNUAL 2023 Month over month (December 2023 vs November 2023, seasonally adjusted)
The European Central Bank reported today that the Euro Area (EA20)
- Current account surplus increased by €9.5 billion to €31.9 billion.
- Goods trade surplus increased by €2.6 billion to €34.8 billion.
- Services trade surplus decreased by €1.2 billion to €16.1 billion.
- Primary income deficit declined by €7.9 billion to €5.4 billion.
- Secondary income deficit shrunk by €0.2 billion to €13.4 billion.
Exports and imports
Exports of goods grew by 0.9% to €248.1 billion and imports of goods declined slightly by 0.2% to €213.3 billion in December 2023 compared with the previous month. With imports declining and exports rising, the goods trade surplus increased to €34.8 billion.
Exports of services declined by 2.5% to €110.1 billion and imports of services decreased 1.7% to €94.0 billion in December 2023 compared to the previous month. The services trade balance narrowed to €16.1 billion.
Receipts and payments
Primary income receipts decreased by 2.6% to €97.2 billion and payments declined by 9.2% to €102.6 billion in December 2023. The primary income deficit narrowed to €5.4 billion in December 2023.
Secondary income receipts increased by 6.9% to €14.8 billion and secondary income payments grew by 2.6% to €28.2 billion. The secondary income deficit shrunk to €13.4 billion in December 2023.
ANNUAL (2023 VS 2022)
Annually, the European Central Bank reported that the Euro Area (EA20)
- Current account deficit decreased by €342.0 billion to a surplus of €259.6 billion.
- Goods trade deficit decreased by €354.4 billion to a surplus of €273.6 billion.
- Services trade surplus decreased by €9.0 billion to €140.0 billion.
- Primary income surplus declined by €15.4 billion to €5.9 billion.
- Secondary income deficit shrunk by €12.1 billion to €159.9billion.
REFERENCE
European Central Bank. Press Releases | Selected Current Account Data
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