The first estimate for euro area (EA19) exports of goods to the rest of the world in May 2017 was €189.6 billion, an increase of 12.9% compared with May 2016 (€167.8 bn). Imports from the rest of the world stood at €168.1 bn, a rise of 16.4% compared with May 2016 (€144.4 bn). As a result, the euro area recorded a €21.4 bn surplus in trade in goods with the rest of the world in May 2017, compared with +€23.4 bn in May 2016. Intra-euro area trade rose to €162.4 bn in May 2017, up by 15.3% compared with May 2016.
- Efstathiou, Konstantinos, Wolff, Guntram B., (2017), «How export growth achieved adjustment of massive trade deficits in the euro area», Bruegel, 31 May
- Eurostat/Euro area international trade in goods surplus €30.9 bn/16 May 2017