OREANDA-NEWS. The first estimate for euro area (EA19) exports of goods to the rest of the world in July 2016 was €167.2 billion, a decrease of 10% compared with July 2015 (€185.4 bn). Imports from the rest of the world stood at €142.0 bn, a fall of 8% compared with July 2015 (€154.4 bn). As a result, the euro area recorded a €25.3 bn surplus in trade in goods with the rest of the world in July 2016, compared with +€31.1 bn in July 2015. Intra-euro area trade fell to €137.3 bn in July 2016, down by 7% compared with July 2015

In January to July 2016, euro area exports of goods to the rest of the world stood at €1 173.9 bn (a decrease of 2% compared with January-July 2015) and imports at €1 013.3 bn (a decrease of 4% compared with January-July 2015). As a result, the euro area recorded a surplus of €160.6 bn, compared with +€140.9 bn in January-July 2015. Intra-euro area trade fell to €994.2 bn in January-July 2016, down by 1% compared with January-July 2015.

European Union

The first estimate for extra-EU28 exports of goods in July 2016 was €142.0 billion, down by 13% compared with July 2015 (€162.3 bn). Imports from the rest of the world stood at €138.2 bn, down by 8% compared with July 2015 (€149.6 bn). As a result, the EU28 recorded a €3.8 bn surplus in trade in goods with the rest of the world in July 2016, compared with +€12.7 bn in July 2015. Intra-EU28 trade fell to €245.8 bn in July 2016, -7% compared with July 2015.