Trade Figures for Euro Area and European Union Show a 3.6% Decrease in Exports and an 11.9% Decrease in Imports in April 2023

June 19, 2023

Euro area

The first estimate for euro area exports of goods to the rest of the world in April 2023 was €216.0 billion, a decrease of 3.6% compared with April 2022 (€224.1 bn). Imports from the rest of the world stood at €227.7 bn, a fall of 11.9% compared with April 2022 (€258.6 bn). As a result, the euro area recorded a €11.7 bn deficit in trade in goods with the rest of the world in April 2023, compared with -€34.5 bn in April 2022. Intra-euro area trade fell to €208.3 bn in April 2023, down by 5.2% compared with April 2022.,

In January to April 2023, euro area exports of goods to the rest of the world rose to €940.0 bn (an increase of 5.4% compared with January-April 2022), and imports fell to €957.2 bn (a decrease of 2.9% compared with January-April 2022). As a result the euro area recorded a deficit of €-17.2 bn, compared with -€94.2 bn in January-April 2022. Intra-euro area trade rose to €910.1 bn in January-April 2023, up by 4.3% compared with January-April 2022.

European Union

The first estimate for extra-EU exports of goods in April 2023 was €192.1 billion, down by 3.5% compared with April 2022 (€199.0 bn). Imports from the rest of the world stood at €206.1 bn, down by 15.4% compared with April 2022 (€243.5 bn). As a result, the EU recorded a €14.1 bn deficit in trade in goods with the rest of the world in April 2023, compared with -€44.5 bn in April 2022. Intra-EU trade fell to €324.1 bn in April 2023, -3.6% compared with April 2022.

In January to April 2023, extra-EU exports of goods rose to €841.2 bn (an increase of 6.2% compared with January-April 2022), and imports fell to €868.1 bn (a decrease of 5.7% compared with January-April 2022). As a result, the EU recorded a deficit of €26.9 bn, compared with -€128.6 bn in January-April 2022. Intra-EU trade rose to €1 407.9 bn in January-April 2023, +5.0% compared with January-April 2022.

Source: Eurostat
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.