Eurozone
In the first estimation Eurozone The trade balance in April 2024 showed a surplus of €15 billion in goods trade with the world, up from a deficit of €11.1 billion in April 2023.
of Eurozone Merchandise exports to the world in April 2024 were €247.6 billion, up 14.0% compared to April 2023 (€217.2 billion). Imports from the world were €232.5 billion, up 1.8% compared to April 2023 (€228.3 billion).
Comparing April 2024 with March 2024, the euro area surplus decreased from €23.7 billion to €15.0 billion. This was due to an increase in the energy sector deficit (from -€23.7 billion to -€26.2 billion) and a decrease in the “Chemical” sector surplus (from €23.4 billion to €21.2 billion).
From January to April 2024, Eurozone In the first four months of 2023, the deficit was 20.5 billion euros, while the surplus was 72.8 billion euros.
Merchandise exports from the euro area to the world increased to €953 billion (up 0.8% from January-April 2023), while imports fell to €880.2 billion (down 8.9% from January-April 2023). Within the Eurozone Trade volume in January-April 2024 was €874.9 billion, down 5.1% compared to January-April 2023.
|
Eurozone trade – not seasonally adjusted data (billion euros) |
||||||
|---|---|---|---|---|---|---|
|
flow |
April 23 |
April 24th |
growth rate |
January to April 23 |
January to April 24 |
growth rate |
|
217.2 |
247.6 |
14.0% |
945.8 |
953.0 |
0.8% |
|
|
228.3 |
232.5 |
1.8% |
966.3 |
880.2 |
-8.9% |
|
|
-11.1 |
15.0 |
-20.5 |
72.8 |
|||
|
210.7 |
222.8 |
5.8% |
921.5 |
874.9 |
-5.1% |
|
european union
of european union The trade balance in April 2024 showed a surplus of €13.9 billion in goods trade with the world, up from a deficit of €14.2 billion in April 2023.
Exports of goods outside the EU amounted to €222.1 billion in April 2024, up 14.9% compared to April 2023 (€193.3 billion). Imports from the world amounted to €208.1 billion, up 0.3% compared to April 2023 (€207.4 billion).
A breakdown of the EU balance by product paints a similar picture to the Eurozone graph: in April 2024, compared to March 2024, the EU's surplus fell from €22.5 billion to €13.9 billion due to the combined effect of a wider deficit in the energy sector (from -€27.4 billion to -€29.6 billion) and a lower surplus in the chemical sector (from €21.9 billion to €19.8 billion).
From January to April 2024, Outside the EU Exports of goods increased to 851.6 billion euros (up 0.9% compared to January-April 2023), while imports decreased to 785.4 billion euros (down 10.4% compared to January-April 2023). As a result, european union It recorded a surplus of 66.2 billion euros compared to 33.3 billion euros in January-April 2023. Within the EU Trade volume in January-April 2024 was €1,370.1 billion, down 3.9% compared to January-April 2023.
|
EU Trade – Not Seasonally Adjusted Data (billion euros) |
||||||
|---|---|---|---|---|---|---|
|
flow |
April 23 |
April 24th |
growth rate |
January to April 23 |
January to April 24 |
growth rate |
|
193.3 |
222.1 |
14.9% |
843.6 |
851.6 |
0.9% |
|
|
207.4 |
208.1 |
0.3% |
876.9 |
785.4 |
-10.4% |
|
|
-14.2 |
13.9 |
-33.3 |
66.2 |
|||
|
327.4 |
349.1 |
6.6% |
1 425.2 |
1 370.1 |
-3.9% |
|
|
Main Products – EU € billion, Monthly change compared to last year |
||||||
|---|---|---|---|---|---|---|
|
Exports outside the EU |
Imports from outside the EU |
Trade balance |
||||
|
April 24th |
growth rate |
April 24th |
growth rate |
April 24th |
April 23 |
|
|
222.1 |
14.9% |
208.1 |
0.3% |
13.9 |
-14.2 |
|
|
35.3 |
10.6% |
63.3 |
-3.4% |
-28.1 |
-33.7 |
|
|
17.4 |
9.2% |
13.4 |
11.9% |
4.0 |
4.0 |
|
|
6.2 |
14.3% |
8.8 |
9.2% |
-2.5 |
-2.6 |
|
|
11.6 |
10.8% |
41.2 |
-9.7% |
-29.6 |
-35.1 |
|
|
182.1 |
14.7% |
142.2 |
1.5% |
39.8 |
18.6 |
|
|
48.1 |
25.1% |
28.3 |
4.1% |
19.8 |
11.3 |
|
|
87.4 |
11.7% |
65.5 |
-2.4% |
22.0 |
11.2 |
|
|
46.5 |
10.7% |
48.5 |
5.7% |
-2.0 |
-3.9 |
|
|
4.7 |
80.2% |
2.6 |
49.4% |
2.2 |
0.9 |
|
|
Main trading partner – EU € billion, Monthly change compared to last year |
||||||
|---|---|---|---|---|---|---|
|
export |
Import |
Trade balance |
||||
|
April 24th |
growth rate |
April 24th |
growth rate |
April 24th |
April 23 |
|
|
45.9 |
21.9% |
28.8 |
3.8% |
17.1 |
9.9 |
|
|
19.2 |
11.5% |
40.3 |
-4.2% |
-21.1 |
-24.8 |
|
|
29.4 |
18.4% |
13.7 |
-8.1% |
15.7 |
9.9 |
|
|
18.4 |
32.7% |
11.8 |
11.1% |
6.6 |
3.3 |
|
|
9.7 |
11.5% |
8.7 |
9.8% |
1.0 |
0.8 |
|
|
5.6 |
27.0% |
8.2 |
-10.0% |
-2.6 |
-4.7 |
|
|
5.0 |
5.2% |
6.0 |
-1.3% |
-1.0 |
-1.4 |
|
|
3.9 |
9.2% |
6.9 |
21.2% |
-3.0 |
-2.1 |
|
|
4.5 |
-6.3% |
5.6 |
-15.0% |
-1.1 |
-1.8 |
|
|
3.7 |
13.3% |
4.5 |
25.1% |
-0.8 |
-0.3 |
|
Appendix – Seasonally Adjusted Data
Comparing April 2024 and March 2024, Eurozone Seasonally adjusted exports increased by 3.1% and imports by 2.3%. The seasonally adjusted balance stood at 19.4 billion euros, up compared to March (17.2 billion euros).
Comparing April 2024 and March 2024, european union Seasonally adjusted exports increased by 3.2% and imports by 2.3%. The seasonally adjusted balance stood at 17.6 billion euros, up compared to March (15.3 billion euros).
In the last three months of 2024, Eurozone Seasonally adjusted exports are expected to increase by 1.5% from November 2023 to January 2024, while imports increased by 1.9%. european union Seasonally adjusted exports and imports increased by 2.0% compared to November 2023-January 2024.
|
EA-EU Trade – Seasonally Adjusted Data – (Billion Euros) |
|||||
|---|---|---|---|---|---|
|
March 24th |
April 24th |
growth rate |
February 24 – April 24 |
Growth rate (compared to previous 3 months) |
|
|
|
|
|
|
|
|
|
238.0 |
245.3 |
3.1% |
721.1 |
1.5% |
|
|
220.8 |
225.9 |
2.3% |
667.6 |
1.9% |
|
|
17.2 |
19.4 |
|
53.6 |
|
|
|
214.5 |
217.7 |
1.5% |
647.0 |
0.1% |
|
|
|
|
|
|
|
|
|
214.0 |
220.8 |
3.2% |
648.6 |
2.0% |
|
|
198.7 |
203.3 |
2.3% |
600.3 |
2.0% |
|
|
15.3 |
17.6 |
|
48.3 |
|
|
|
336.3 |
337.3 |
0.3% |
1009.6 |
-0.2% |
|
Source dataset: extension (Eurozone) translation: (european union)
Important Notice for Users
Revision and Schedule
This news release is based on information transmitted to Eurostat by Member States up to 11 June 2024. The figures are provisional. For more information, please see the information on the data.
Methods and definitions
Statistics on trade in goods are transmitted monthly by Member States according to the criteria set out in Commission Implementing Regulation (EU) 2020/1197. For each reference month, Member States must produce statistics covering total extra- and intra-EU trade, using estimates where necessary. These data will be available within 40 days of the end of the reference month, with aggregate figures for the euro area and the EU available for distribution within approximately 46 days.
Member States provide Eurostat with raw data, which it adjusts for calendar and seasonal effects. The European aggregate is calculated with an indirect approach (by Member States) on the sum of imports and exports, ensuring the additivity of the aggregate and its components. The estimation of the seasonally adjusted data is based on the Tramo-Seats procedure available in the software JDemetra+.
The data are broken down by broad categories of products defined by single-digit codes from the Standard International Trade Classification (SITC).
Geography
of Eurozone The (EA20) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
of european union The (EU27) includes Belgium, Bulgaria, Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland and Sweden.
