October 19, 2023
Euro area
The first estimate for euro area exports of goods to the rest of the world in August 2023 was €221.6 billion, a decrease of 3.9% compared with August 2022 (€230.6 bn). Imports from the rest of the world stood at €214.9 bn, a fall of 24.6% compared with August 2022 (€285.0 bn). As a result, the euro area recorded a €6.7 bn surplus in trade in goods with the rest of the world in August 2023, compared with a deficit of €54.4 bn in August 2022. Intraeuro area trade fell to €189.3 bn in August 2023, down by 13.2% compared with August 2022.
In January to August 2023, euro area exports of goods to the rest of the world rose to €1 883.9 bn (an increase of 1.5% compared with January-August 2022), and imports fell to €1 875.8 bn (a decrease of 10.6% compared with January-August 2022). As a result, the euro area recorded a surplus of €8.1 bn, compared with €-242.9 bn in January-August 2022. Intra-euro area trade fell to €1 772.3 bn in January-August 2023, down by 1.8% compared with January-August 2022.
European Union
The first estimate for extra-EU exports of goods in August 2023 was €198.5 billion, down by 4.1% compared with August 2022 (€206.9 bn). Imports from the rest of the world stood at €197.1 bn, down by 27.8% compared with August 2022 (€272.9 bn). As a result, the EU recorded a €1.4 bn surplus in trade in goods with the rest of the world in August 2023, compared with a deficit of €66.0 bn in August 2022. Intra-EU trade fell to €302.1 bn in August 2023, -10.0% compared with August 2022.
In January to August 2023, extra-EU exports of goods rose to €1 690.7 bn (an increase of 2.0% compared with January-August 2022), and imports fell to €1 700.6 bn (a decrease of 13.6% compared with January-August 2022). As a result, the EU recorded a deficit of €9.8 bn, compared with €-311.4 bn in January-August 2022. Intra-EU trade fell to €2 749.4 bn in January-August 2023, down by 0.3% compared with January-August 2022
Source: Eurostat
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