Eurozone registers a commercial increase of 36%
Statistics show that the balance showed improvements compared to 2018, as indicated by Eurostat
The positive balance of the trade balance of the Eurozone increased in May by 36% compared to the same month last year, reaching a figure of 23,000 million euros, according to data on international trade of goods published on Tuesday by Eurostat, the community statistical office.
In particular, exports of goods from the euro area to the rest of the world rose by 7.1% in the fifth month of the year and reached 203,400 million euros, while imports accelerated at a rate of 4.2% and they reached 180,300 million euros. Commercial activity among the euro partners grew by 4.9% and reached a value of 172,000 million euros.
With regard to the commercial activity accumulated in the first five months of the year, the surplus stood at 82,700 million euros, 2.7% more. Exports to May amounted to 973,500 million euros, while imports reached 890,800 million euros.
Commercial activity among the euro partners in the first five months of 2019 grew by 3.3% to 838,700 million euros.
On the other hand, the trade balance of the European Union (EU) recorded a positive balance of 7,800 million euros, which means multiplying by almost 20 the data observed in May 2018.
The exports of the EU block to the rest of the world in the fifth month of 2019 advanced 10.7% and reached 178.5 billion euros, while imports rose 6.1% to 170.7 billion euros. Commercial activity among the Twenty-eight members grew by 3.5% to 308,100 million euros.
Between January and May, exports and imports from the EU grew by 6.1% and 6.6%, respectively. During this period, the Twenty-eight countries increased their deficit by 43.4%, to 14.2 billion euros, while the commercial activity among the Member States advanced by 3.9% to 1.52 billion euros.
The United States remained the country that led the most exports to the EU until May, with a value of 183.7 billion euros, ahead of China and Switzerland. In turn, the Twenty-eight imported goods mainly from China, the United States and Russia.
K. Tovar
Source: Eleconomista
