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Euro area sees 3.9% YoY drop in exports, surplus in trade for Aug 2023

Intraeuro area trade fell to €***.* billion in August ****, down by **.* per cent compared with August ****. In January to August ****, euro area exports of goods to the rest of the world rose to €*,***.* billion—an increase of *.* per cent compared with January-August ****, and imports fell to €*,***.* billion—a decrease of **.* per cent compared with January-August ****. As a result, the euro area recorded a surplus of €*.* billion, compared with -€***.* billion in January-August ****. Intra-euro area trade fell to €*,***.* billion in January-August ****, down by *.* per cent compared with January-August ****, Eurostat said in a press release.

The first estimate for extra-EU exports of goods in August **** was €***.* billion, down by *.* per cent compared with August **** at €***.* billion. Imports from the rest of the world stood at €***.* billion, down by **.* per cent compared with August **** at €***.* billion. As a result, the EU recorded a €*.* billion surplus in trade in goods with the rest of the world in August ****, compared with a deficit of €**.* billion in August ****. Intra-EU trade fell to €***.* billion in August ****, -**.* per cent compared with August ****.