Eurozone and European Union trade stats for January to September 2018; EU trade surplus with the U.S. up 18% year on year as trade deficit with Russia up 38% year on year

In January to September 2018, Euro area or Eurozone exports of goods to the rest of the world rose to €1,686.0 bn (an increase of 3.6% compared with January to September 2017), while imports rose to €1,542.9 bn (an increase of 5.8% compared with January to September 2017). As a result, the euro area recorded a surplus of €143.1 bn, compared with +€169.2 bn in January-September 2017. Intra-euro area trade rose to €1,449.8 bn in January-September 2018, up by 5.7% compared with January-September 2017.

In January to September 2018, extra-EU28 exports of goods rose to €1,446.9 bn (an increase of 4.1% compared with January to September 2017), while imports rose to €1,461.5 bn (an increase of 5.5% compared with January to September 2017). As a result, the EU28 recorded a deficit of €14.6 bn, compared with a surplus of €5.0 bn in January-September 2017. Intra-EU28 trade rose to €2,617.2 bn in January-September 2018, up by 5.1% compared with January-September 2017.

Trade by Product

Meanwhile, the trade deficit on energy grew from €171.8 bn in January to September 2017 to €219.4 bn in January to September 2018, an increase of 28%.

 

Trade by Partner

The trade surplus with the U.S. grew by 18% from €81.6 bn in January to September 2017 to €101 bn in January to September 2018 (despite rising U.S. import tariffs).

The trade deficit with Russia expanded by 38% from €44.4 bn in January to September 2017 to €61.2 bn in January to September 2018.

Complete Dataset

The European Union (EU28) currently includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.

The euro area (EA19) currently includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

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