Euro exports up 19.1% y/y, imports up 32.8% in January-May

Exports rose 19.1 percent y/y to €136.2 billion in January-May 2022, while imports rose 32.8 percent y/y to €146.9 billion in the period, the Central Statistical Office (GUS) reported. The negative balance was minus €10.8 billion, compared to a positive balance of €3.7 billion in January-May 2021.

"Exports in U.S. dollars amounted to $152 billion and imports to $164.1 billion (a 10.4 percent increase in exports and 23.1 percent increase in imports, respectively). The negative balance stood at $12.0 billion, with a positive balance of $4.4 billion in the corresponding period of 2021," the release reads.

Since May 1, 2004, in addition to data from SAD customs documents, Foreign Trade Statistics has used, as part of its turnover with European Union member states, INTRASTAT declarations.

(ISBnews)