The first estimate for extra-EU exports of goods in February 2021 was €164.7 billion. Imports from the rest of the world stood at €143.6 bn. As a result, the EU recorded a €21.1 bn surplus in trade in goods with the rest of the world in February 2021.
Extra-EU exports of goods in February 2021 was €164.7 billion, down by 3.6% compared with February 2020 (€170.8 bn). Imports from the rest of the world stood at €143.6 bn, down by 3.0% compared with February 2020 (€148.1 bn). As a result, the EU recorded a €21.1 bn surplus in trade in goods with the rest of the world in February 2021, compared with +€22.7 bn in February 2020. Intra-EU trade remained almost unchanged at €254.2 bn in February 2021 compared with February 2020, reads the recent data of EuroStat.
In January to February 2021, extra-EU exports of goods fell to €313.5 bn (a decrease of 6.9% compared with January-February 2020), and imports fell to €283.7 bn (a decrease of 10.3% compared with January-February 2020). As a result, the EU recorded a surplus of €29.7 bn, compared with +€20.5 bn in January-February 2020. Intra-EU trade fell to €498.7 bn in January-February 2021, -2.9% compared with January-February 2020.
In the first two months of 2021, following the end of the transition period, both EU exports to and imports from the United Kingdom dropped significantly (by 20.2% and 47.0 %.
In February 2021, compared with February 2020, fourteen Member States registered an increase in extra-EU exports, while thirteen Member States observed a decrease, with the largest fall registered in Cyprus (-18.3%). The largest increases were registered in Estonia (+33.2%) and Greece (+17.7%).
With regard to the extra-EU imports, the picture is similar. In February 2021 compared to February 2020, thirteen Member States recorded an increase, while fourteen Member States recorded a decrease with the largest drop observed in Luxembourg (-18.7%) and France (-15.8%). The highest increases were observed in Estonia (+24.5%) and Hungary (+17.2%).
Euro area exports of goods to the rest of the world in February 2021 was €178.6 billion, a decrease of 5.5% compared with February 2020 (€188.9 bn). Imports from the rest of the world stood at €161.0 bn, a fall of 2.7% compared with February 2020 (€165.4 bn). As a result, the euro area recorded a €17.7 bn surplus in trade in goods with the rest of the world in February 2021, compared with +€23.4 bn in February 2020. Intra-euro area trade rose to €164.8 bn in February 2021, up by 1.7% compared with February 2020.
In January to February 2021, euro area exports of goods to the rest of the world fell to €346.2 bn (a decrease of 7.2% compared with January-February 2020), and imports fell to €317.5 bn (a decrease of 8.7% compared with January-February 2020). As a result the euro area recorded a surplus of €28.7 bn, compared with +€25.0 bn in January-February 2020. Intra-euro area trade fell to €319.2 bn in January-February 2021, down by 2.7% compared with January-February 2020.
