Goods exports in Euro area worth €216 bn in Apr; EU's figure €192.1 bn

The European Union’s (EU) export of goods in April was worth €192.1 billion—down by 3.5 per cent YoY, while its imports stood at €206.1 billion—down by 15.4 per cent YoY.

As a result, the euro area and the EU recorded goods trade deficits worth €11.7-billion and €14.1-billion in the month compared with minus €34.5 billion and minus €44.5 billion in April last year.

Intra-euro area trade fell to €208.3 billion during the month—down by 5.2 per cent YoY, while intra-EU trade fell to €324.1 billion in April—a drop of 3.6 per cent YoY.

In January to April this year, euro area exports of goods rose to €940 billion—an increase of 5.4 per cent YoY, and imports fell to €957.2 billion—a decrease of 2.9 per cent YoY.

As a result, the euro area recorded a deficit of €-17.2 billion compared with minus €94.2 billion in January-April last year.

Intra-euro area trade rose to €910.1 bn during the four-month period—up by 4.3 per cent YoY.

During January-April this year, extra-EU exports of goods rose to €841.2 billion—an increase of 6.2 per cent YoY, and imports fell to €868.1 billion—a decrease of 5.7 per cent YoY. Intra-EU trade rose to €1 407.9 billion during the period—a 5 per cent rise YoY.

In April this year, eleven EU member states registered increases in extra-EU exports compared with the same month last year, while the other states registered decreases.

The largest decreases were recorded in Ireland (minus 17.4 per cent), Belgium (minus 12.8 per cent), Greece (minus 10.7 per cent) and Finland (minus 10.2 per cent). The highest increases were registered in Slovakia (39.3 per cent) Lithuania (29.0 per cent) and Luxembourg (26.5 per cent).

With regard to extra-EU imports, only four members states registered increases compared in April this year compared to the same month last year, while all other states registered decreases.

The highest increases were observed in Malta (25.4 per cent) and Cyprus (11.5 per cent), while the highest decreases were observed in Estonia (minus 49.3 per cent), Croatia (minus 38.5 per cent), Lithuania (minus 36.9 per cent) and Finland (minus 34.4 per cent).

ALCHEMPro News Desk (DS)