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16 May 2019

Eurozone trade surplus rose more than expected in March

Eurostat said, the first estimate for euro area (EA19) exports of goods to the rest of the world in March 2019 was €205.6 billion, an increase of 3.1% compared with March 2018 (€199.5 bn). Imports from the rest of the world stood at €183.1 bn, a rise of 6.0% compared with March 2018 (€172.7 bn). As a result, the euro area recorded a €22.5 bn surplus in trade in goods with the rest of the world in March 2019, compared with + €26.9 bn in March 2018. Intra-euro area trade fell to €172.1 bn in March 2019, -0.3% compared with March 2018.

In January to March 2019, euro area exports of goods to the rest of the world rose to €575.6 bn (an increase of 3.9% compared with January-March 2018), and imports rose to €532.2 bn (an increase of 4.8% compared with January-March 2018). As a result the euro area recorded a surplus of €43.5 bn, compared with +€46.5 bn in January March 2018. Intra-euro area trade rose to €500.6 bn in January-March 2019, up by 2.5% compared with January-March 2018.

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