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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

October 16, 2020
EU AND EURO AREA TRADE BALANCE IN GOODS, AUGUST 2020

EURO AREA

In August 2020, the Euro Area (EA19) Goods Trade (not seasonally adjusted) with the rest of the world recorded a surplus of €14.7 billion.

  • Euro Area exports decreased €28.6 billion (-15.5%) to €156.3 billion.  
  • Euro Area imports decreased €15.6 billion (-9.9%) to €141.6 billion.  

 

EUROPEAN UNION

In August 2020, the European Union (EU27) Goods Trade (not seasonally adjusted) with the rest of the world recorded a surplus of €11.3 billion.

  • European Union exports decreased €29.1 billion (-17.2%) to €139.7 billion.  
  • European Union imports decreased €14.4 billion (-10.1%) to €128.3 billion.  

In August 2020, the European Union reported trade surpluses of:

  • €9.0 billion with the United Kingdom
  • €1.1 billion with Canada
  • €10.1 billion with the US 

 

EU DataEuro Area Data, August Trade Press release



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