Euro Area Trade Surplus Widens in February


The Eurozone trade surplus increased to € 20.3 billion in February of 2015 from a revised € 7.6 billion in January and a € 14.4 billion surplus a year earlier. Exports rose 4 percent year-on-year helped by a weak Euro while imports were flat.

Euro Area exports of goods reached € 160.7 billion and imports stood at € 140.5 billion. Intra-euro area trade rose 1 percent year-on-year.

Considering the first two months of 2015, exports rose 2 percent over a year earlier while imports shrank 3 percent.

In the European Union, exports were recorded at 138.2 billion in February, up 2 percent year-on-year. Imports stood at €134.8 billion, up 3 percent, thus resulting in a € 3.4 billion trade surplus. 

In the first two months of 2015, EU exports were flat while imports decreased 1 percent. Energy sales fell the most (-34 percent) while shipments of manufactured goods rose 5 percent. Exports to Russia recorded the highest decrease (-34 percent) but sales to the United States increased 18 percent.

Among imports, purchases of primary goods contracted 25 percent, due to a 34 percent drop in energy. As a result, imports from Russia (-36 percent) and Norway (-23 percent) contracted the most. 

Euro Area Trade Surplus Widens in February


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
4/15/2015 10:34:38 AM