The euro zone recorded a surplus of around one billion euros in international trade in goods in August. On the other hand, in the EU there was a deficit that reached 5.8 billion euros.
According to Eurostat’s initial estimates, the eurozone imported goods worth 204.9 billion from the rest of the world (3.8% less than in August 2024). At the same time, exports amounted to 205.9 billion euros (4.7% below the same period last year).
Therefore, the euro zone had a surplus in international trade, as in the previous month, but much smaller. The data indicates a drop from 12.7 billion euros in July to 1 billion in August.
European Union does not escape the ‘red’
Among EU member states, a deficit of 5.8 billion was observed in international trade (deficit of 2.4 billion in August 2024).
Imports from outside the EU amount to 189.4 billion euros (year-on-year decrease of 4.9%). At the same time, exports of goods amounted to 183.6 billion euros (6.7% below data from August last year).