Economic Buzz: Eurozone Exports Rise 12.6% Y-o-Y In April

15 Jun 2022 , 03:18 PM

The first estimate for euro area exports of goods to the rest of the world in April 2022 was ?223.9 billion, an increase of 12.6% compared with April 2021(?198.8 bn). Imports from the rest of the world stood at ?256.4 bn, a rise of 39.4% compared with April 2021 (?183.9 bn), driven again, in particular, by a further increase in energy imports (+164.4% compared with the same month in the previous year). As a result, the euro area recorded a ?32.4 bn deficit in trade in goods with the rest of the world in April 2022, compared with a surplus of?14.9 bn in April 2021. Intra-euro area trade rose to ?212.1 bn in April 2022, up by 20.8% compared with April 2021. Powered by Commodity Insights