The Eurozone had a commercial surplus of 16,500 millions euros the first semester of 2018.

The international trade of goods of the Eurozone with the rest of the world registered a surplus of 16,500 million euros last May, compared to a surplus of 19,300 million euros in the same month of 2017, as reported today by the office of Community statistics, Eurostat.

The exports of the Eurozone in May were 189,600 million euros, representing a fall of 0.8% in the interannual calculation, while imports were 173,100 million euros, an increase of 0.7%, Eurostat said it’s a statement. Trade in goods in May among the 19 member states of the European Union (EU) that share the single currency was 162,300 million euros, which represents an increase of 0.5% compared to May 2017. Between January and May of 2018, the goods trade of the euro area marked a surplus of 80,000 million euros, compared to 78,000 million euros registered a year earlier.

In that period, exports of goods from the euro area to the rest of the world stood at 927,600 million euros, that is, an increase of 2.8%, in relation to the first five months of last year, while registered imports worth 847,600 million (2.8%). Exchanges within the euro zone amounted to 808,000 million euros, an increase of 4.8% compared to the period between January and May 2017. The whole of the European Union, however, recorded a surplus in its international trade of goods with the rest of the world in May of 200 million euros compared to 230 million euros a year earlier.

Exports from the EU stood at 160.9 billion euros in May, which indicates a drop of 2.7% compared to May 2017, while imports were 160.7 billion euros, a year-on-year decrease of 1, 4%. Trade in goods among the 28 member states of the EU was 294.7 million euros in May 2018, up 1.6%. Between January and May of 2018, trade in goods from the EU to the rest of the world showed a deficit of 9,100 million euros compared to 8,100 million euros in the first five months of 2017. Exports of goods from the EU stood at 786.6 billion euros, an interannual increase of 1.5%, and imports were 795.5 billion euros, an increase of 1.6%. Exchanges within the EU amounted to 1.45 billion euros in the same period, an advance of 4.6% compared to the first five months of 2017.