Euro area international trade in goods deficit €0.3 bn

The first estimate for euro area exports of goods to the rest of the world in May 2023 was €241.9 billion, a decrease of 2.3% compared with May 2022 (€247.6 bn). Imports from the rest of the world stood at €242.2 bn, a fall of 12.8% compared with May 2022 (€277.9 bn). As a result, the euro area recorded a €0.3 bn deficit in trade in goods with the rest of the world in May 2023, compared with €-30.3 bn in May 2022. Intra-euro area trade fell to €226.3 bn in May 2023, down by 5.7% compared with May 2022.