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Eurozone goods trade surplus narrows in 2017

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Eurozone goods trade surplus narrows in 2017

The eurozone's goods trade surplus narrowed to €236.0 billion in 2017 from €265.3 billion in 2016 due to a greater increase in imports than exports.

Imports to the rest of the world rose 9.8% to €1.958 trillion, and exports increased 7.1% to €2.194 trillion in 2017, Eurostat said. Intra-euro area trade increased 7.6% to 1.844 trillion in 2017 from €1.714 trillion in 2016.

For January, euro area recorded a goods trade surplus with the rest of the world of €3.3 billion, compared to a deficit of €1.4 billion in January 2017. Exports were up 9.1% year over year, and imports increased 6.3% from the same month a year ago. Intra-euro area trade rose 8.8% to €159.8 billion from a year earlier.