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The first estimate for euro area exports of goods to the rest of the world in April 2022 was €223.9 billion, an increase of 12.6% compared with April 2021 (€198.8 bn). Imports from the rest of the world stood at €256.4 bn, a rise of 39.4% compared with April 2021 (€183.9 bn), driven again, in particular,

by a further increase in energy imports (+164.4% compared with the same month in the previous year). As a result, the euro area recorded a €32.4 bn deficit in trade in goods with the rest of the world in April 2022, compared with a surplus of €14.9 bn in April 2021. Intra-euro area trade rose to €212.1 bn in April 2022, up by 20.8% compared with April 2021.

In January to April 2022, euro area exports of goods to the rest of the world rose to €891.7 bn (an increase of 15.7% compared with January-April 2021), and imports rose to €976.8 bn (an increase of 39.8% compared with January-April 2021). As a result the euro area recorded a deficit of €-85.1 bn, compared with a surplus of €+71.7 bn in January-April 2021. Intra-euro area trade rose to €851.7 bn in January-April 2022, up by 24.0% compared with January-April 2021.

European Union.     The first estimate for extra-EU exports of goods in April 2022 was €198.5 billion, up by 10.8% compared with April 2021 (€179.1 bn). Imports from the rest of the world stood at €242.1 bn, up by 45.4% compared with April 2021 (€166.5 bn). As a result, the EU recorded a €43.6 bn deficit in trade in goods with the rest of the world in April 2022, compared with a surplus of €12.6 bn in April 2021. Intra-EU trade rose to €329.7 bn in April 2022, +18.7% compared with April 2021.

In January to April 2022, extra-EU exports of goods rose to €791.0 bn (an increase of 14.9% compared with January-April 2021), and imports rose to €916.9 bn (an increase of 46.2% compared with January-April 2021). As a result, the EU recorded a deficit of €125.9 bn, compared with a surplus of €61.1 bn in January-April 2021. Intra-EU trade rose to €1 325.2 bn in January-April 2022, +21.8% compared with January-April 2021.

In the first four months of 2022, the highest increases were recorded in the imports and, with a lower value, exports of energy, leading to a significant increase in the EU trade deficit in energy (-€183.6 bn in January- April 2022 compared with -€66.8 bn in January- April 2021).

Annual comparison by Member State.    In April 2022, compared with April 2021, the large majority of Member States registered an increase in extra-EU exports except Estonia (-11.3%), Slovakia (-6.9%), Czechia (-6.0%), Lithuania (-2.5%), with Croatia nearly stable (-0.2%). The highest increases were registered in Ireland (+48.6%) and Slovenia (+38.8%).

With regard to the extra-EU imports, all Member States registered an increase compared with the same month in the previous year. The highest increases were observed in Lithuania (+140.4%), Croatia (+82.5%) and Finland (+72.0%).