The first estimate for the euro area (EA15) trade balance with the rest of the world in August 2008 gave a 9.3 bn euro deficit, compared with +1.5 bn in August 2007. The July 2008 balance was -2.0 bn, compared with +5.3 bn in July 2007. In August 2008 compared with July 2008, seasonally adjusted exports fell by 0.6% and imports by 1.0%.