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Euro area sees 3.9% YoY drop in exports, surplus in trade for Aug 2023

19 Oct '23
3 min read
Pic: Adobe Stock/Kalyakan
Pic: Adobe Stock/Kalyakan

Insights

  • In August 2023, the euro area recorded a trade surplus of €6.7 billion, a notable turnaround from a €54.4 billion deficit in August 2022.
  • Exports decreased 3.9 per cent YoY to €221.6 billion, while imports fell drastically by 24.6 per cent to €214.9 billion.
  • Cyprus saw a 55.2 per cent increase in exports, while Malta and Cyprus saw rises in imports.
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