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February 20, 2018EURO AREA CURRENT ACCOUNT, DECEMBER and ANNUAL 2017 DECEMBER
The European Central Bank reported today, that the euro area (EA19) current account (working day and seasonally adjusted) recorded a surplus of €29.9 billion in December 2017. There was a surplus in net goods trade (+€30.9 billion), net services trade (+€7.3 billion) and net primary income (+€3.7 billion) account that were partially offset by a deficit in net secondary income (-€12.0 billion) account.
In the Euro Area December 2017, Exports of goods and services increased to €271.9 billion, while imports of goods and services increased to €233.6 billion As growth in exports exceeded growth in imports the net trade surplus incresaed to €38.2 billion.
ANNUAL
In 2017, the euro area (EA19) current account (working day and seasonally adjusted) accumulated a surplus of €391.4 billion in 2017. There was a surplus in net goods trade (+€348.2 billion), net services trade (+€80.9 billion) and net primary income (+€112.8 billion) account that were partially offset by a deficit in net secondary income (-€150.5 billion) account.
In the Euro Area 2017, Exports of goods and services increased to €3.1 trillion, while imports of goods and services increased to €2.7 trillion. As growth in exports exceeded growth in imports the net trade surplus incresaed to €429.1 billion.
Sources: Eurosystem Bank | Press Release | Database
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