• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Euro area international trade in goods deficit €7.6 bn in Feb 2022

25 Apr '22
2 min read
Pic: Shutterstock
Pic: Shutterstock

The first estimate for euro area export of goods to the rest of the world in February 2022 was €215.8 billion, an increase of 17 per cent compared with February 2021 (€184.5 billion). Imports from the rest of the world stood at €223.4 billion, a rise of 38.8 per cent compared with February 2021 (€161.0 billion), driven again, in particular, by a further increase in energy imports.

As a result, the euro area recorded a €7.6 billion deficit in trade in goods with the rest of the world in February 2022, compared with a surplus of €23.6 billion in February 2021. Intra-euro area trade rose to €202.5 billion in February 2022, up by 25.6 per cent compared with February 2021, according to a press release from Eurostat, the European Union’s (EU) statistics agency.

In January to February 2022, euro area exports of goods to the rest of the world rose to €416.6 billion—an increase of 18.3 per cent compared with January-February 2021—and imports rose to €451.5 billion—an increase of 41.9 per cent compared with January-February 2021.

As a result the euro area recorded a deficit of €34.9 billion, compared with a surplus of €34.2 billion in January-February 2021. Intra-euro area trade rose to €399.4 billion in January-February 2022, up by 26.4 per cent compared with January-February 2021.

The first estimate for extra-EU exports of goods in February 2022 was €191.9 billion, up by 16.4 per cent compared with February 2021 (€164.8 billion). Imports from the rest of the world stood at €207.7 billion, up by 44.7 per cent compared with February 2021 (€143.5 billion).

As a result, the EU recorded a €15.8 billion deficit in trade in goods with the rest of the world in February 2022, compared with a surplus of €21.4 billion in February 2021. Intra-EU trade rose to €315.1 billion in February 2022, up by 22.6 per cent compared with February 2021.

In January to February 2022, extra-EU exports of goods rose to €371.4 billion—an increase of 18.4 per cent compared with January-February 2021—and imports rose to €424.0 billion—an increase of 49.3 per cent compared with January-February 2021.

As a result, the EU recorded a deficit of €52.7 billion, compared with a surplus of €29.8 billion in January-February 2021. Intra-EU trade rose to €620.8 billion in January-February 2022, up by 23.5 per cent compared with January-February 2021.

Fibre2Fashion News Desk (DS)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search