Eurozone trade surplus grew in January

Noam Stiekema

The Eurozone trade surplus grew in January, after imports declined while exports remained unchanged, showed the latest data of Eurostat. The report by the statistical office showed that unadjusted imports decreased by 6% year on year to 140.3 billion EUR in January, while exports remained unchanged from 148.2 billion EUR. The trade surplus in foreign […]

Eurozone export

Eurozone exportThe Eurozone trade surplus grew in January, after imports declined while exports remained unchanged, showed the latest data of Eurostat. The report by the statistical office showed that unadjusted imports decreased by 6% year on year to 140.3 billion EUR in January, while exports remained unchanged from 148.2 billion EUR. The trade surplus in foreign trade in the Eurozone reached 7.9 billion EUR in expected level of over 15 billion EUR.

Eurostat reported that adjusted data are mainly due to the sharp decline in prices of imported energy goods throughout the European Union (EU) fell by 37% compared to the same period last year in January to 26.4 billion EUR. Thus, the deficit of the EU in energy trade fell by 36.8% to 20 billion EUR. The data showed that the trade deficit between the EU and China increased by 35.8% to 18.6 billion EUR, while the deficit of the 28-nation bloc with Russia – the largest energy supplier to the continent almost halved to 5.4 billion EUR.

Eurostat said that the data on external trade are seasonally adjusted because of technical problems.

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