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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

June 15, 2020
EU AND EURO AREA TRADE BALANCE IN GOODS, APRIL 2020

EURO AREA

In April 2020, the Euro Area (EA19) Goods Trade (not seasonally adjusted) with the rest of the world recorded a surplus of €2.9 billion compared to March 2020.

From March 2020 to April 2020:

  • The Euro Area (EA19) Export Trade decreased €57.3 billion (-29.6%) to €136.6 billion.
  • The Euro Area (EA19) Import Trade decreased €31.3 billion (-18.9%) to €133.7 billion.

 

EUROPEAN UNION

In April 2020, the European Union (EU27) Goods Trade (not seasonally adjusted) with the rest of the world recorded a surplus of €0.2 billion compared to March 2020.

From March 2020 to April 2020:

  • The European Union (EU27) Export Trade decreased €50.6 billion (-28.8%) to €125.4 billion .
  • The European Union (EU27) Import Trade decreased €23.6 billion (-15.9%) to €125.1 billion .

 

The UK left the European Union as of January 31, 2020.  In April 2020, the European Union (EU27) Goods Trade (not seasonally adjusted) with the United Kingdom recorded a surplus of €3.4 billion.

From March 2020 to April 2020:

  • The European Union (EU27) Export Trade (not seasonally adjusted) with the United Kingdom decreased €11.3 billion (-43.15%) to €15.0 billion.
  • The European Union (EU27) Import Trade (not seasonally adjusted) with the United Kingdom decreased €3.4 billion (-22.5%) to €11.6 billion.

 

In April 2020, the European Union (EU27) Goods Trade (not seasonally adjusted) with Canada recorded a surplus of €1.0 billion compared to March 2020. In April 2020, the European Union (EU27) Goods Trade (not seasonally adjusted) with the United States recorded a surplus of €6.4 billion compared to March 2020. 

 

EU DataEuro Area DataPress Release



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