Euro area international trade in goods surplus €15.0 bn (2024)

Euro indicators 14 June 2024 Next release: 16 July 2024

April 2024

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EU surplus €13.9 bn

Euro area

The first estimates of euro area balance showed a €15.0 bn surplus in trade in goods with the rest of the world in April 2024, compared with a deficit of €11.1 bn in April 2023.

The euro area exports of goods to the rest of the world in April 2024 were €247.6 billion, an increase of 14.0% compared with April 2023 (€217.2 bn). Imports from the rest of the world stood at €232.5 bn, a rise of 1.8% compared with April 2023 (€228.3 bn).

Euro area international trade in goods surplus €15.0 bn (1)

In April 2024 compared to March 2024, the euro area surplus decreased from €23.7 billion to €15.0 billion. The reason was due to an increase in the deficit of the energy sector (from €-23.7 billion to €-26.2 billion) and a decrease of surplus for ‘chemicals’ (from €23.4.billion to €21.2 billion).

Euro area international trade in goods surplus €15.0 bn (2)

In January to April 2024, the euro area recorded a surplus of €72.8 bn, compared with €-20.5 bn in January-April 2023.

The euro area exports of goods to the rest of the world rose to €953.0 bn (an increase of 0.8% compared with January-April 2023), and imports fell to €880.2 bn (a decrease of 8.9% compared with January-April 2023). Intra-euro area trade fell to €874.9 bn in January-April 2024, down by 5.1% compared with January-April 2023.

Euro area trade - non seasonally adjusted data (bn €)

Flows

Apr 23

Apr 24

Growth rates

Jan-Apr 23

Jan-Apr 24

Growth rates

Extra-EA exports

217.2

247.6

14.0%

945.8

953.0

0.8%

Extra-EA imports

228.3

232.5

1.8%

966.3

880.2

-8.9%

Extra-EA trade balance

-11.1

15.0

-20.5

72.8

Intra-EA trade

210.7

222.8

5.8%

921.5

874.9

-5.1%

Source dataset: ext_st_ea_sitc

Euro area international trade in goods surplus €15.0 bn (3)

European Union

The EU balance showed a €13.9 bn surplus in trade in goods with the rest of the world in April 2024, compared with a deficit of €14.2 bn in April 2023.

The extra-EU exports of goods in April 2024 was €222.1 billion, up by 14.9% compared with April 2023 (€193.3 bn). Imports from the rest of the world stood at €208.1 bn, up by 0.3% compared with April 2023 (€207.4 bn).

Euro area international trade in goods surplus €15.0 bn (4)

When looking at the breakdown of the EU balance by product, the picture is similar to the graph of the euro area. In April 2024, compared to March 2024, the EU surplus decreased from €22.5 billion to €13.9 billion due to the combined effect of an increased deficit in the energy sector (from €-27.4 billion to €-29.6 billion) and a decreased surplus in the chemicals sector (from €21.9 billion to €19.8 billion).