October 17, 2022
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 66.9 bn in January-August 2022, up by 27.2% compared with January-August 2021.
The first estimate for extra-EU exports of goods in August 2022 was €207.1 billion, up by 24.2% compared with August 2021 (€166.7 bn). Imports from the rest of the world stood at €271.8 bn, up by 56.4% compared with August 2021 (€173.8 bn). As a result, the EU recorded a €64.7 bn deficit in trade in goods with the rest of the world in August 2022, compared with -€7.1 bn in August 2021. Intra-EU trade rose to €329.5 bn in August 2022, +32.3% compared with August 2021.
In January to August 2022, extra-EU exports of goods rose to €1 657.3 bn (an increase of 18.1% compared with January-August 2021), and imports rose to €1 966.9 bn (an increase of 49.9% compared with January-August 2021). As a result, the EU recorded a deficit of €309.6 bn, compared with a surplus of €91.8 bn in January-August 2021. Intra-EU trade rose to €2 740.4 bn in January-August 2022, +25.1% compared with January-August 2021.
Source: Eurostat
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