July 16, 2024
According to preliminary euro area balance estimates, there was a €13.9 billion surplus in trade in goods with the rest of the world in May 2024, up from a deficit of €0.4 billion in May 2023.
Euro area exports to the rest of the world in May 2024 totaled €241.5 billion, a 0.5% decline from May 2023 (€242.7 billion). Imports from the rest of the world totaled €227.6 billion, down 6.4% from May 2023 (€243.2 billion).
In May 2024, the euro area surplus fell marginally from €14.2 billion to €13.9 billion (€-0.3 billion compared to April 2024). This was due to a decline in surplus for machinery and vehicles (€-1.7 billion) and chemicals (€-1.3 billion), which was partly offset by an increase in other manufactured products (+€2.6 billion).
The euro area recorded a surplus of €84.9 billion from January to May 2024, up from €-21.0 billion in January-May 2023. Euro area exports to the rest of the world increased to €1 194.5 billion (up 0.5% from January to May 2023), while imports declined to €1 109.7 billion (down 8.3% from January to May 2023).
Intra-euro area trade declined to €1 090.6 billion in January-May 2024, down 5.2% from January-May 2023.
(Source: Eurostat)
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