Economic Buzz: Eurozone Exports Rise 24% In August

14 Oct 2022 , 03:45 PM

The first estimate for euro area exports of goods to the rest of the world in August 2022 was ?231.1 billion, an increase of 24.0% compared with August 2021 (?186.4 bn). Imports from the rest of the world stood at ?282.1 bn, a rise of 53.6% compared with August 2021 (?183.6 bn). As a result, the euro area recorded a ?50.9 bn deficit in trade in goods with the rest of the world in August 2022, compared with a surplus of ?2.8 bn in August 2021. Intraeuro area trade rose to ?210.5 bn in August 2022, up by 34.8% compared with August 2021. In January to August 2022, euro area exports of goods to the rest of the world rose to ?1 859.8 bn (an increase of 18.7% compared with January-August 2021), and imports rose to ?2 088.6 bn (an increase of 44.7% compared with January-August 2021). As a result the euro area recorded a deficit of ?228.8 bn, compared with a surplus of ?124.0 bn in January-August 2021. Intra-euro area trade rose to ?1 766.9 bn in January-August 2022, up by 27.2% compared with January-August 2021. Powered by Commodity Insights