Exports of goods by EU states rose by 12.8% YoY to €2180.5 bn in 2021

Intra-EU trade rose to €3424.7 billion in 2021—a 19.9 per cent rise compared with the 2020 figure, the EU said in a press release.

In 2021, euro area exports of goods to the rest of the world rose to €2434.3 billion—an increase of 14.1 per cent over the 2020 figure, and imports rose to €2305.9 billion—a rise of 21.4 per cent compared with the 2020 figure. As a result the euro area recorded a surplus of €128.4 billion compared with €233.9 billion in 2020. Intra-euro area trade rose to €2 180.1 billion in 2021—up by 20.7 per cent over the 2020 figure.

The first estimate for euro area exports of goods to the rest of the world in December 2021 was €218.7 billion, an increase of 14.1 per cent compared with December 2020’s €191.7 billion. Imports from the rest of the world stood at €223.3 billion, a rise of 36.7 per cent compared with the December 2020 figure of €163.4 billion, mainly driven by an increase in energy imports.

As a result, the euro area recorded a €4.6 billion deficit in trade in goods with the rest of the world in December 2021, compared with a surplus of €28.3 billion in December 2020. Intra-euro area trade rose to €191.9 billion in December 2021, up by 27.8 per cent compared with December 2020.

ALCHEMPro News Desk (DS)