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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

March 18, 2024

Month-over-month (January 2024 vs December 2023, seasonally adjusted)

In the 27 countries of the European Union, the balance of trade in goods surplus grew from €11.0 billion in December to €24.5 billion in January 2024. Exports from the European Union were up 0.5% to €211.8 billion while imports fell by 6.2% to €187.4 billion.

In the 20 countries of the Euro Area, the balance of trade in goods surplus grew to €28.0 billion in January 2024 from €14.3 billion in the previous month. Exports from the Euro Area rose by 2.1% to €239.0 billion while imports declined by 4.0% to €210.9 billion.

The European Union continued to run consistent surpluses in goods trade with the UK (€14.3 billion), Canada (€1.6 billion) and the US (€14.3 billion).

Likewise, for the subset of European Union countries that use the Euro, there was a goods trade surplus with the UK (€11.7 billion), Canada (€1.1 billion) and the US (€12.9 billion).

Source: Eurostat. Table ext st eu27 2020sitc  EU27 (from 2020) trade by SITC product group; Table ext st easitc  Euro area 20 trade by SITC product group since 1999

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