Euro Area Trade Surplus Narrows in June as Global Demand Recovers

Source: Eurostat

The Euro area trade surplus narrowed year-on-year in June, as global demand continued to recover amid the easing of COVID-19 restrictions in more territories.

• The trade surplus narrowed to €18.1 billion in June from €20.0 billion the same month in 2020. This compares with €12.2 billion in May.
• Exports climbed 23.8% to €209.9 billion from €169.6 billion last year.
• Imports stood at €191.8 billion, up 28.2% from June 2020’s €149.6 billion.
• The year-to-date trade surplus increased to €102.5 billion, up from €86.0 billion in 2020.
• Trade between the Euro area grew 20.3% in the first semester to €1.047 billion from last year’s €870.7 million.
• Outside the Euro area, exports climbed 15.5% to €1.172 billion while imports grew 15.2% to €1.070 billion.
• Annual export growth in June outside the EU was the biggest in Malta, Greece, and Cyprus.
• The biggest annual growths in imports outside the EU were in Latvia, Slovakia, and Estonia.