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Euro area international trade in goods hits surplus of €23.0 bn, -€1.9bn deficit in Cyprus
CNA - Athanasios Athanasiou - Belgium/Brussels 16/07/2019 19:32

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), according to Eurostat, the statistical service of the EU.

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.

The total value of Cyprus` exports for the reference period was €1.4 billion a -31% drop compared to the same period of 2019 (€0.8 billion to the EU, or 75% increase and €0.6 billion to the rest of the world or -63% decrease). Meanwhile the value of Cyprus` imports  was €3.3 billion, a -13% decrea


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