Eurozone Sees 1st Trade Surplus in 17 Months
"The euro area recorded, for the first time since September 2021, a surplus of €4.6 bln in trade in goods with the rest of the world in February 2023, compared with a deficit of €9.4 bln in February 2022," Eurostat said in a statement.
Eurozone exports of goods to the rest of the world rose 7.6% year-on-year to €232.7 billion in February, while imports edged up 1.1% to €228.1 billion.
Intra-euro area trade amounted to €224.4 billion in February, up 8% from a year earlier.
The EU27 saw a trade surplus for the first time since June 2021, hitting €4.8 billion in February.
The first estimate for extra-EU exports of goods was €207.7 billion, ticking up 8% from the same month last year, while imports from the rest of the world stood at €202.9 billion, down 2.8%.
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