EU’s int’l trade increase 1.5 pct – Eurostat

BRUSSELS, European Union (EU) exports of goods to rest of world rose to 471.4 billion euro (USD 555.1 billion) between January and March 2018, an increase of 1.5 percent compared with the same period in 2017.

EU imports from the rest of the world for the same period rose to 477.4 billion euro (USD 562.2 billion), an increase of 0.8 percent compared with January-March 2017, Eurostat, the EU’s statistical office, said.

As a result, the EU recorded a deficit of 6.1 billion euro (USD 7.1 billion), compared with a deficit of 9.1 billion euro (USD 10.7 billion) in January-March 2017.

Intra-EU trade rose to 874.1 billion euro (USD one trillion) in January-March 2018, up by 3.7 percent compared with January-March 2017.

In January to March 2018, euro area exports of goods to the rest of the world rose to 555.7 billion euro (USD 654.4 billion), an increase of 2.5 percent compared with January-March 2017, while imports rose to 506.3 billion euro (USD 596.2 billion), an increase of 1.4 percent compared with January-March 2017.

As a result the euro area recorded a surplus of 49.4 billion euro (USD 58.1 billion), compared with a surplus of 42.9 billion euro (USD 50.5 billion) in January-March 2017.

Intra-euro area trade rose to 485.6 billion euro (USD 571.9 billion) in January-March 2018, up by 4.1 percent compared with January-March 2017.

Source: Kuwait News Agency