You are here

Trade deficit at €1.8 bn

15/06/2021 13:35

 

The first estimate for euro area exports of goods to the rest of the world in April 2021 was €193.8 billion, an increase of 43.2% compared with April 2020 (€135.3 bn), which had been heavily affected by the COVID-19 containment measures widely introduced by the Member States. Imports from the rest of the world stood at €182.8 bn, a rise of 37.4% compared with April 2020 (€133.0 bn). As a result, the euro area recorded a €10.9 bn surplus in trade in goods with the rest of the world in April 2021, compared with +€2.3 bn in April 2020. Intra-euro area trade rose to €178.9 bn in April 2021, up by 61.9% compared with April 2020.

In January to April 2021, euro area exports of goods to the rest of the world rose to €764.9 bn (an increase of 8.9% compared with January-April 2020), and imports rose to €697.2 bn (an increase of 7.9% compared with January-April 2020). As a result the euro area recorded a surplus of €67.7 bn, compared with +€56.9 bn in January-April 2020. Intra-euro area trade rose to €687.9 bn in January-April 2021, up by 15.6% compared with January-April 2020.

The first estimate for extra-EU exports of goods in April 2021 was €179.0 billion, up by 43.4% compared with April 2020 (€124.8 bn). Imports from the rest of the world stood at €166.0 bn, up by 32.8% compared with April 2020 (€125.0 bn). As a result, the EU recorded a €13.0 bn surplus in trade in goods with the rest of the world in April 2021, compared with a deficit of €0.1 bn in April 2020. Intra-EU trade rose to €274.9 bn in April 2021, +58.9% compared with April 2020.

In January to April 2021, extra-EU exports of goods rose to €688.1 bn (an increase of 7.8% compared with January-April 2020), and imports rose to €626.6 bn (an increase of 6.3% compared with January-April 2020). As a result, the EU recorded a surplus of €61.4 bn, compared with +€48.4 bn in January-April 2020. Intra-EU trade rose to €1 081.7 bn in January-April 2021, +16.0% compared with January-April 2020.

Cyprus exports amounted to €0.8 million, a -22% dropped compared to last year (€0.3bn with the EU or -2% and €0.5bn with the rest of the world, or -29%). Imports amounted to €2.6bn, a 5% increase compared to last year (€1.6bn from the EU, or 17% increase and €1.0bn from the rest of the world, or -10%). As a result Cyprus recorded a  €-1.8bn trade deficit for the period of January to April 2021 compared to €-1.5bn last year.