September 17, 2022
The first estimate for euro area exports of goods to the rest of the world in July 2022 was €235.5 billion, an increase of 13.3% compared with July 2021 (€207.8 bn). Imports from the rest of the world stood at €269.5 bn, a rise of 44.0% compared with July 2021 (€187.1 bn). As a result, the euro area recorded a €34 bn deficit in trade in goods with the rest of the world in July 2022, compared with a surplus of €20.7 bn in July 2021. Intra-euro area trade rose to €224.8 bn in July 2022, up by 24.0% compared with July 2021.
In January to July 2022, euro area exports of goods to the rest of the world rose to €1 628.5 bn (an increase of 17.9% compared with January-July 2021), and imports rose to €1 805.9 bn (an increase of 43.4% compared with January-July 2021). As a result the euro area recorded a deficit of €177.4 bn, compared with a surplus of €121.3 bn in January-July 2021. Intra-euro area trade rose to €1 554.1 bn in January-July 2022, up by 26.1% compared with January-July 2021.
The first estimate for extra-EU exports of goods in July 2022 was €211.6 billion, up by 12.8% compared with July 2021 (€187.6 bn). Imports from the rest of the world stood at €253.8 bn, up by 47.6% compared with July 2021 (€172.0 bn). As a result, the EU recorded a €42.3 bn deficit in trade in goods with the rest of the world in July 2022, compared with a surplus of €15.6 bn in July 2021. Intra-EU trade rose to €341.9 bn in July 2022, +21.8% compared with July 2021.
In January to July 2022, extra-EU exports of goods rose to €1 449.7 bn (an increase of 17.2% compared with January-July 2021), and imports rose to €1 693.9 bn (an increase of 48.9% compared with January-July 2021). As a result, the EU recorded a deficit of €244.2 bn, compared with a surplus of €98.8 bn in January-July 2021. IntraEU trade rose to €2 407.8 bn in January-July 2022, +24.0% compared with January-July 2021.
In July 2022, compared with July 2021, all the Member States registered an increase in extra-EU exports except Malta (-1.2%) and Ireland (-1.1%). The highest increases were registered in Slovenia (+57.3%) and Greece (+56.2%).
Source: Eurostat
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