EU trade deficit mildly narrows in Janaury

A deficit in trade in goods which the European Union had with the rest of the world decreased in January mildly, according to preliminary estimates provided by the EU statistical office on Thursday.

"The first estimate for extra-EU28 exports of goods in January 2016 was EUR 121.6 billion, down by 4% compared with January 2015 (EUR126.9 bn). Imports from the rest of the world stood at EUR132.7 bn, also down by 4% compared with January 2015 (EUR138.6 bn). As a result, the EU28 recorded a EUR11.0 bn deficit in trade in goods with the rest of the world in January 2016, compared with -EUR11.8 bn in January 2015. Intra-EU28 trade rose to EUR239.6 bn in January 2016, +1% compared with January 2015," Eurostat reported.

In January, Croatia was among 10 EU members to register a rise in the exports on the year, and it was by 1%.

As for imports, Croatia as well as the Czech Republic and Slovakia had the biggest increase of 4% on the year.

Last update: Fri, 24/06/2016 - 08:49

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