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

June 19, 2020
EURO AREA CURRENT ACCOUNT, APRIL 2020

The European Central Bank reported today that the Euro Area (EA19) current account (working day and seasonally adjusted) recorded a surplus of €14.4 billion in April 2020. Surpluses of €12.9 billion in net goods trade, €4.0 billion in net services trade and €9.4 billion in net primary income, were partially offset by a deficit of €11.9 billion in net secondary income accounts. 

In April 2020, Euro Area exports of goods and services decreased -€49.3 billion to €208.1 billion and Imports of goods and services decreased -€31.8 billion to €191.3 billion. The net trade surplus declined -€17.5 billion to €16.8 billion. Compared to April 2019, Euro Area goods and services exports and down 25.2 per cent, while imports are down 24.1 per cent.

Sources: European Central Bank:  Press Release | Database | Selected BOP Data | Competitiveness indicator 



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