Pursuant to the initial estimates published by Eurostat, the international export of goods from the EU decreased by 11.3% year-to-year and amounted to EUR 168.5 billion. Imports to the EU decreased more rapidly, i.e. by 16% year-to-year and amounted to EUR 142.6 billion. In result, during the discussed month, the EU noted a surplus in the trade in goods in the amount of EUR 25.8 billion against EUR +20.2 billion the year before.

During the seven months in the current year, the export of goods outside of the EU decreased by 12.2% (down to EUR 1,089.7 billion), while the import decreased by 13.1% (down to EUR 990 billion). The EU's positive balance amounted to EUR 99.7 billion against EUR 101.8 billion between January and July of 2019.

Considering the substantive structure of exports in the EU, similar decreases were noted in the case of industrial goods (by 12.4% down to EUR 902.7 billion) and basic goods (by 12.7%, down to EUR 162.2 billion). Significant disproportions were also noted in the EU imports, where the imports of basic goods decreased by 25.7% (down to EUR 247.8 billion), while the imports of industrial goods decreased by 8.4% (down to EUR 722.4 billion).

Geographically, considering the key EU export markets, the exports to, for instance, Great Britain, noted a dynamic decrease within the 7 months of the current year (by 20.5% year-to-year). However, with regards to imports, particularly deep decrease was noted with regards to Russia (by approximately 35%) and Norway (by approximately 24%).

During the discussed period, increased exports were noted in only one EU market, i.e. Ireland (by 3.7%). Exports from Poland however decreased by 6%, i.e. significantly slower than the EU average.