Eurozone's trade surplus rose sharply in February
16.04.2021, 09:39

Eurozone's trade surplus rose sharply in February

According to the report from Eurostat, the first estimate for euro area exports of goods to the rest of the world in February 2021 was €178.6 billion, a decrease of 5.5% compared with February 2020 (€188.9 bn). Imports from the rest of the world stood at €161.0 bn, a fall of 2.7% compared with February 2020 (€165.4 bn). As a result, the euro area recorded a €17.7 bn surplus in trade in goods with the rest of the world in February 2021, compared with +€23.4 bn in February 2020. Intra-euro area trade rose to €164.8 bn in February 2021, up by 1.7% compared with February 2020.

In January to February 2021, euro area exports of goods to the rest of the world fell to €346.2 bn (a decrease of 7.2% compared with January-February 2020), and imports fell to €317.5 bn (a decrease of 8.7% compared with January-February 2020). As a result the euro area recorded a surplus of €28.7 bn, compared with +€25.0 bn in January-February 2020. Intra-euro area trade fell to €319.2 bn in January-February 2021, down by 2.7% compared with January-February 2020.

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