9/13, 11:02 AM (Source: TeleTrader)
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Eurozone trade surplus rises to €24.8B in July

The Eurozone recorded a surplus of €24.8 billion in the international trade of goods in July, up from €16.9 billion in the same month a year ago, according to the first estimate by Eurostat published on Friday. Exports of goods from the euro area to the rest of the world increased to €€206.5 billion, marking a 6.2% increase compared to July 2018 when it stood at €170.8 billion. Meanwhile, imports to the Eurozone stood at €181.7 billion in July, jumping 2.3% year-over-year.

The first estimate showed that at the EU level, exports of goods stood at €181.2 billion, up by 6.1% compared to the same month of 2018, while imports stood at €181.3, resulting in a trade deficit of €0.1 billion.

In the first six months of 2019, the EU had the largest trade deficit with China, €109.1 billion. When it comes to trade with the United States, the bloc posted a surplus of €90.billion in the first half of 2019.

Breaking the News / GG