Euro area international trade in goods recorded a surplus of €11.4B in January, compared with a deficit of €32.6B in January 2023; exports increased 1.3% to €225.9B, imports decreased 16.1% to €214.5B: Eurostat

LUXEMBOURG , March 18, 2024 (press release) –

EU surplus €6.2 bn
Euro area
The first estimates of euro area showed a €11.4 bn surplus in trade in goods with the rest of the world in January 2024, compared with a deficit of €32.6 bn in January 2023.

The euro area exports of goods to the rest of the world in January 2024 were €225.9 billion, an increase of 1.3% compared with January 2023 (€222.9 bn).

Imports from the rest of the world stood at €214.5 bn, a fall of 16.1% compared with January 2023 (€255.5 bn).

As regards the breakdown of the euro area balance by product, the overall surplus is mainly driven by a surplus in the chemical sector, followed by machinery and vehicles. These developments are partly offset by a deficit in the energy sector

In the year 2023 the euro area recorded a surplus of €64.0 bn, compared with €-335.0 bn in 2022. The euro area exports of goods to the rest of the world stood at €2 841.7 bn (a decrease of 1.1% compared to 2022), while imports fell to €2 777.7 bn (a decrease of 13.4% compared to the year 2022).

Intra-euro area trade fell to €2 630.8 bn in the year 2023, down by 5.1% compared to the year 2022.

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