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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

October 16, 2019
EU AND EURO AREA TRADE BALANCE IN GOODS, AUGUST 2019

EURO AREA

In August 2019, the Euro Area (EA19) goods trade (not seasonally adjusted) with the rest of the world recorded a surplus of €14.7 billion.

  • Euro Area (EA19) export values decreased €4.1 billion (-2.2 per cent) to €177.4 billion compared to August 2018.
  • Euro Area (EA19) import values decreased €6.9 billion (-4.1 per cent) to €162.6 billion compared to August 2018.

In August 2019, it was also reported that intra-euro area trade   decreased 5.6 per cent to €133.7 billion compared to August 2018.

In August 2019, the Euro Area (EA19) goods trade (not seasonally adjusted) with Canada recorded a surplus of €1.1 billion.

In August 2019, the Euro Area (EA19) goods trade (not seasonally adjusted) with the United States recorded a surplus of €11.2 billion.

 

EUROPEAN UNION

In August 2019, the European Union (EU28) goods trade (not seasonally adjusted) with the rest of the world recorded a deficit of €12.1 billion.

  • European Union (EU28) export values decreased €5.2 billion (-3.3 per cent) to €154.2 billion compared to August 2018.
  • European Union (EU28) import values decreased €1.1 billion (-0.6 per cent) to €166.3 billion compared to August 2018.

In August 2019, it was also reported that intra-EU28 trade decreased 4.3 per cent to €253.1 billion compared to August 2018.

In August 2019, the European Union (EU28) goods trade (not seasonally adjusted) with Canada recorded a surplus of €0.7 billion.

In August 2019, the European Union (EU28) goods trade (not seasonally adjusted) with the United States recorded a surplus of €12.1 billion.

EU Data, Euro Area DataPress Release



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