4/17, 11:00 AM (Source: TeleTrader)
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Eurozone trade surplus rises to €17.9B in February

The Eurozone recorded a surplus of €17.9 billion in the international trade of goods in February, up from €16.5 billion in the same month a year ago, according to the first estimate by Eurostat published on Wednesday. Exports rose by 4.4% to 183.3 billion as exports totaled €165.4 billion, 4% higher year-on-year. Trade within the monetary union was increased by 3.4% in the last reported month, amounting to €160.3 billion, and improved 3.7% annually in the whole bloc.

All of the European Union (EU28) had a €2.7 billion trade deficit with the rest of the world in the second month of 2019, the data showed, down from a surplus of €700 million a year ago. Imports jumped 8.5% while exports grew by 6.2%, to stand at €159 billion and €156.3 billion, respectively.

The bloc had the largest deficit in trade with China in the first two months of this year, at €37.8 billion, while posting a surplus of €21.6 billion with the United States. With Russia, the EU had a trade deficit of €13.8 billion in the same period.

Breaking the News / NI