Extra-euro area Apr exports at €223.9 bn; extra-EU at €198.5 bn

Imports from the rest of the world to the euro area stood at €256.4 billion in April this year—a rise of 39.4 per cent compared with April 2021 (€183.9 billion), driven again, in particular, by a further increase in energy imports.

As a result, the euro area recorded a €32.4 billion deficit in trade in goods with the rest of the world in April, compared with a surplus of €14.9 billion in the same month last year. Intra-euro area trade rose to €212.1 billion in April this year, up by 20.8 per cent compared with April 2021.

In January to April 2022, euro area exports of goods to the rest of the world rose to €891.7 billion—an increase of 15.7 per cent compared with January-April last year, and imports rose to €976.8 billion—an increase of 39.8 per cent compared with the same period in 2021.

As a result the euro area recorded a deficit of €-85.1 billion during the first four months of this year compared with a surplus of €71.7 billion in the same period last year. Intra-euro area trade rose to €851.7 billion during the period—up by 24 per cent compared with January-April 2021.

Imports from the rest of the world to the EU stood at €242.1 billion in April this year—up by 45.4 per cent compared with April 2021 (€166.5 billion). As a result, the EU recorded a €43.6-billion deficit in trade in goods with the rest of the world in April 2022 compared with a surplus of €12.6 billion in April 2021.

Intra-EU trade rose to €329.7 billion in April 2022—a rise of 18.7 per cent compared with April 2021.

In January to April 2022, extra-EU exports of goods rose to €791 billion—an increase of 14.9 per cent compared with January-April 2021, and imports rose to €916.9 billion—a rise of 46.2 per cent compared with January-April 2021.

As a result, the EU recorded a deficit of €125.9 billion compared with a surplus of €61.1 billion in January-April 2021. Intra-EU trade rose to €1 325.2 billion in January-April 2022—a rise of 21.8 per cent compared with January-April 2021, an official release said.

In the first four months of this year, the highest increases were recorded in the imports and, with a lower value, exports of energy, leading to a significant increase in the EU trade deficit in energy.

ALCHEMPro News Desk (DS)