The euro area trade deficit is on a nine-year record

By: Trademagazin editor Date: 2022. 02. 15. 11:03

In December last year, the past nine years’ largest deficit in the euro area’s trade in goods with the rest of the world occured, according to a report by Eurostat, the European Union’s statistical office, published on Tuesday.

Euro area: Eurostat reports significant foreign trade deficit

The first estimate of euro area merchandise exports to the rest of the world in December 2021 is 218.7 billion euros, an increase of 14.1 percent on December 2020 ( 191.7 billion euros).
Imports from the rest of the world were 223.3 billion euros, up 36.7 percent from 163.4 billion euros of a year before, mainly due to higher energy imports. (MTI)