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EU international trade up in July

Bloc's exports, imports post annual rise in July

15:55 - 16/09/2021 Thursday
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File photo
File photo

The EU's exports and imports both increased on a yearly basis in July, by 10.3% and 18.7% respectively, official figures showed on Thursday.

The 27-member bloc's exports totaled €186.1 billion ($219.6 billion), while imports amounted to €170.4 billion, the statistical authority Eurostat said.

The average euro/US dollar exchange rate was 1.18 in the month.

The union's trade balance posted a surplus of €15.7 billion, down from €25.1 billion in the same month last year.

Intra-EU trade also soared 15.8% to stand at €277.7 billion year on year in July.

During the first seven months of this year, the EU's exports increased 13.2% to reach €1.23 trillion, while imports were up 14.7% to reach €1.13 trillion.

China was the bloc's main trade partner in the January-July period, with €130.7 billion imports from the union and €246.5 billion in exports.

Country-to-country trade balances indicated that the EU had incurred the largest deficit with China – €115.8 billion – and the highest surplus with the US – €98.2 billion – over the same period.

Turkey was the union's sixth-largest trade partner during the four-month period, with €43.6 billion imports from the union and €45 billion in exports.

On the eurozone side, extra-EA exports increased 11.4% to €206 billion in July. The trade surplus was €20.7 billion, down from €26.8 billion in July 2020.

The eurozone/euro area or the EA19 represents the member states that use the euro as their single currency, while the EU27 includes all member countries of the bloc.

#EU
#trade
#July 2021
3 years ago