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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

January 15, 2018
EURO AREA TRADE BALANCE IN GOODS, NOVEMBER 2017

In November 2017, the euro area (EA19) recorded a €26.3 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 7.7 per cent to €197.5 billion over November 2016. Imports increased 7.3 per cent to €171.2 bn over November 2016.

It was also reported that intra-euro area trade increased 6.9 per cent to €165.5 bn over November 2016.

In November 2017, the European Union (EU28) recorded a €8.0 bn surplus 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 6.8 per cent to €167.2 billion over November 2016. Imports increased 5.4 per cent to €159.2 bn over November 2016.

It was also reported that intra-EU28 area trade increased 6.9 per cent to €300.9 bn over November 2016.

 

Year-to-date Trade

In Jan-Nov 2017, the euro area (EA19) recorded a €213.1 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 7.5 per cent to €2.01 trillion over Jan-Nov 2016. Imports increased 10.1 per cent to €1.797 trillion over Jan-Nov 2016.

It was also reported that intra-euro area trade increased 7.6 per cent to €1.696 trillion over the same period last year.

In Jan-Nov 2017, the European Union (EU28) recorded a €12.1 bn surplus 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 8.7 per cent to €1717 trillion over Jan-Nov 2016. Imports increased 8.7 per cent to €1.705 trillion over Jan-Nov 2016.

It was also reported that intra-EU28 area trade increased 7.5 per cent to €3.082 trillion over the same period last year.

 

Selected EU Trading Partners

In January-November 2017, the European Union (EU28) recorded a €107.9 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 3.2 per cent to €343.6 billion over Jan-Nov 2016. Imports increased 2.3 per cent to €235.7 bn over Jan-Nov 2016.

In November 2017, the European Union (EU28) recorded a €11.1 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 5.0 per cent to €32.9 billion over Oct 2016. Imports increased 4.0 per cent to €21.8 bn over Oct 2016.

 

In January-November 2017, the European Union (EU28) recorded a €6.0 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 7.8 per cent to €34.8 billion over Jan-Nov 2016. Imports increased 8.6 per cent to €28.7 bn over Jan-Nov 2016.

In November 2017, the European Union (EU28) recorded a €748.3 million surplus in trade in goods (not seasonally adjusted) with Canada. The first estimate for EU28 exports of goods to Canada  reported a decrease of 4.7 per cent to €3.2 billion over Oct 2016. Imports decreased 6.8 per cent to €2.5 bn over Oct 2016.

 

Source Eurostat Data Press Release  

 

 

 

 

 



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