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- Eurozone's trade surplus increased in February - Eurostat
Eurozone's trade surplus increased in February - Eurostat
According to the report from Eurostat, the first estimate for euro area (EA19) exports of goods to the rest of the world in February 2020 was €189.3 billion, an increase of 1.6% compared with February 2019 (€186.3 bn). Imports from the rest of the world stood at €166.3 bn, a fall of 1.0% compared with February 2019 (€167.9 bn). As a result, the euro area recorded a €23.0 bn surplus in trade in goods with the rest of the world in February 2020, compared with +€18.5 bn in February 2019. Intra-euro area trade fell to €161.5 bn in February 2020, down by 0.6% compared with February 2019.
In January to February 2020, euro area exports of goods to the rest of the world rose to €373.2 bn (an increase of 0.9% compared with January-February 2019), and imports fell to €348.4 bn (a decrease of 0.7% compared with January-February 2019). As a result the euro area recorded a surplus of €24.8 bn, compared with +€19.1 bn in January-February 2019. Intra-euro area trade fell to €326.4 bn in January-February 2020, down by 0.9% compared with January February 2019.
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