Euro Area and EU Posts a Year over Year Decline in Trade Surplus in July

Source: Eurostat

The international trade in goods in the euro area in July 2021 was 20.7 billion euros, a decline from 26.8 billion euros in the comparable month of 2020. In the EU, the trade surplus was 15.7 billion in July, down from 25.1 billion in the prior year. EURUSD is down -0.39%, DAX is up +0.53%.

Fig: Euro Area’s International Trade in Goods

• In July, exports of goods to the rest of the world in the euro area surged by 11.4% to 206.0 billion euros compared to the same month of 2020. Imports rose by a bigger 17.1% margin to reach 185.3 billion euros in the same period.
• Intra-euro area trade was up 16.8% from July 2020 to reach 179.7 billion euros
• In January to July 2021, trade surplus in the euro area was 122.4 billion euros, up from 112.8 billion euros in the comparable period of 2020. Intra-euro area trade surged by 20.1% to 1,230.5 billion euros in the same period. 
• In the EU, exports of goods were up 10.3% to 186.1 billion euros in July compared to the same month of 2020. Imports were up 18.7% to 170.4 billion euros in the same period.
• Intra-EU trade was up 15.8% to 277.7 billion euros in July year over year.
• In January to July 2021, trade surplus in the EU was 99.2 billion euros, down from 100.3 billion euros in the comparable period of 2020. Intra-EU trade increased by 20.7% to 1,936.0 billion euros in the same period.