OREANDA-NEWS. The first estimate for euro area (EA19) exports of goods to the rest of the world in February 2016 was €163.5 billion, an increase of 1% compared with February 2015 (€161.4 bn). Imports from the rest of the world stood at €144.4 bn, a rise of 2% compared with February 2015 (€141.5 bn). As a result, the euro area recorded a €19.0 bn surplus in trade in goods with the rest of the world in February 2016, compared with +€20.0 bn in February 2015. Intra-euro area trade rose to €141.0 bn in February 2016, up by 3% compared with February 2015

In January to February 2016, euro area exports of goods to the rest of the world stood at €308.5 bn, nearly stable compared with January-February 2015. Imports stood at €281.5 bn, also nearly stable compared to JanuaryFebruary 2015. As a result the euro area recorded a surplus of €27.1 bn, compared with +€27.0 bn in JanuaryFebruary 2015. Intra-euro area trade rose to €273.0 bn in January-February 2016, up by 1% compared with January-February 2015.

European Union

The first estimate for extra-EU28 exports of goods in February 2016 was €137.1 billion, down by 1% compared with February 2015 (€138.2 bn). Imports from the rest of the world stood at €134.1 bn, down by 2% compared with February 2015 (€136.4 bn). As a result, the EU28 recorded a €3.0 bn surplus in trade in goods with the rest of the world in February 2016, compared with +€1.8 bn in February 2015. Intra-EU28 trade rose to €256.7 bn in February 2016, +4% compared with February 2015.

In January to February 2016, extra-EU28 exports of goods fell to €258.6 bn (a decrease of 2% compared with January-February 2015) and imports fell to €266.7 bn (-3% compared with January-February 2015). As a result, the EU28 recorded a deficit of €8.1 bn, compared with -€10.0 bn in January-February 2015. Intra-EU28 trade rose to €496.0 bn in January-February 2016, +2% compared with January-February 2015.