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May 17, 2023EU AND EURO AREA TRADE BALANCE IN GOODS, MARCH 2023 Month-over-month (March 2023 vs February 2023, seasonally adjusted)
In the 27 countries of the entire European Union, the balance of trade in goods shifted from a deficit of €2.4 billion in February 2023 to a surplus of €15.1 billion in March of 2023. Exports from the European Union were up 0.4% to €219.6 billion while imports fell 7.5% to €204.5 billion. March was the seventh consecutive month of declining imports for the European Union.
In the 20 countries of the Euro Area, the balance of trade in goods shifted from a deficit of €0.2 billion in February to a surplus of €17.0 billion in March. Exports from the Euro Area edged down 0.1% to €243.3 billion while imports contracted by 7.1% to €226.3 billion.
The European Union continues to run strong surpluses in goods trade with the UK (€13.7 billion), Canada (€1.6 billion) and the US (€13.9 billion).
Likewise, for the subset of European Union countries that use the Euro, there is a strong goods trade surplus with the UK (€11.0 billion), Canada (€1.3 billion) and the US (€12.1 billion).
Source: Eurostat. Table ext st eu27 2021sitc EU27 (from 2020) trade by SITC product group; Table ext st ea20sitc Euro area 20 trade by SITC product group since 1999
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