Euro area international trade in goods surplus €23.0 bn | Forex Factory

  • Euro area international trade in goods surplus €23.0 bn

    From ec.europa.eu

    The first estimate for euro area (EA19) exports of goods to the rest of the world in May 2019 was €203.4 billion, an increase of 7.1% compared with May 2018 (€189.9 bn). Imports from the rest of the world stood at €180.3 bn, a rise of 4.2% compared with May 2018 (€173.0 bn). As a result, the euro area recorded a €23.0 bn surplus in trade in goods with the rest of the world in May 2019, compared with +€16.9 bn in May 2018. Intra-euro area trade rose to €172.0 bn in May 2019, up by 4.9% compared with May 2018. In January to May 2019, euro area exports of goods to the rest of the world rose to €973.5 bn ... (full story)

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RossEdwards
Jul 16, 2019 6:29am
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Many suggest that Trade surpluses simply demonstrate the success of an economy.. in this case EU27, in producing product and services that are attractive at price offered, to other buyers throughout the World. There are two tier 1 trade surplus actors on world stage that achieve that. China and EU. Many apparently successful second tier economies prosper only through natural raw material advantage. Oil/Ore etc.. The US, a vast mixed economy for very complex reasons some not least associated with $ role as world reserve currency, is the worlds no1 Tier 1 trade debtor. Many economists agree that that wont be solved by trade wars or currency wars and believe it requires structural reform.
Just a Thought
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Trader#47B0
Jul 16, 2019 7:13am
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Quoting RossEdwards
Many suggest that Trade surpluses simply demonstrate the success of an economy.. in this case EU27, in producing product and services that are attractive at price offered...
EU28 numbers need to be broken down. Only Germany and the Netherlands are piling surplusses (Italy to a lesser extent). All the others, namely the bigger ones, are footing the bill and are deep in the red (France, etc.) If the Euro keeps at that rate (too low for some, too high for others), the imbalance might very well cause the downfall of the common currency.
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