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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

March 18, 2025
EU AND EURO AREA TRADE BALANCE IN GOODS, JANUARY 2025

Month-over-month (January 2025 vs December 2024, seasonally adjusted)

In the 27 countries of the European Union, the trade surplus in goods narrowed by €2.21 billion to €10.1 billion. Exports from the European Union were up 2.0% to €222.5 billion while imports increased by 3.2% to €212.4 billion.                                                                                                                                                    

In the 20 countries of the Euro Area, the surplus in goods trade narrowed by €0.2billion to €14.0 billion. Exports from the Euro Area increased by 2.1% to €245.6 billion while imports increased by 2.3% to €231.6 billion.

The European Union surplus in goods trade with the UK narrowed by €660.1 billion to €15.0 billion.  The European Union's surplus in goods trade with Canada narrowed by €849.6 million to €1.7 billion while the surplus in goods trade with the US narrowed by €220.7 million to €17.8 billion. 

Likewise, for the subset of European Union countries that use the Euro, there was a goods trade surplus with the UK (widened by €467.3 million to €11.8 billion), as well as with Canada (narrowed by €859.2 million to €1.1 billion) and with the US (widened by €129.3 million to €16.5 billion).

Source: Eurostat. Table ext st eu27 2020sitc  EU27 (from 2020) trade by SITC product group; Table ext st easitc  Euro area 20 trade by SITC product group since 1999



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