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- Eurozone's trade surplus declined in March
Eurozone's trade surplus declined in March
Eurostat said that the first estimate for euro area exports of goods to the rest of the world in March 2021 was €212.1 billion, an increase of 8.9% compared with March 2020 (€194.7 bn), which had been affected by the COVID-19 containment measures widely introduced by the Member States. Imports from the rest of the world stood at €196.3 bn, a rise of 19.2% compared with March 2020 (€164.7 bn). As a result, the euro area recorded a €15.8 bn surplus in trade in goods with the rest of the world in March 2021, compared with +€29.9 bn in March 2020. Intra-euro area trade rose to €199.0 bn in March 2021, up by 27.5% compared with March 2020.
In January to March 2021, euro area exports of goods to the rest of the world fell to €564.0 bn (a decrease of 0.6% compared with January-March 2020), and imports rose to €514.4 bn (an increase of 0.3% compared with JanuaryMarch 2020). As a result the euro area recorded a surplus of €49.5 bn, compared with +€54.6 bn in January March 2020. Intra-euro area trade rose to €514.2 bn in January-March 2021, up by 6.2% compared with January-March 2020.
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