Eurozone July trade balance €6.5 billion vs €23.0 billion prior

<ul><li>Prior €23.0 billion; revised to €18.5 billion</li></ul><p>Here are some details which might give a better picture of the euro area trade situation, relative to last year when energy prices were much higher:</p><ul><li>Jan – Jul 2023 exports €1,663.0 billion (+2.3% vs Jan – Jul 2022)</li><li>Jan – Jul 2023 imports €1,660.4 billion (-8.4% vs Jan – Jul 2022)</li><li>Jan – Jul 2023 trade balance €2.7 billion (vs -€188.1 billion in Jan – Jul 2022)</li></ul><p>In simpler terms, energy imports have declined considerably this year and that has resulted in a more positive trade balance overall so far compared to a year ago.</p>

This article was written by Justin Low at www.forexlive.com.