Eurozone Trade Surplus Falls Sharply on Strong ImportsBrussels, 18 Mar (ONA) —- The euro area trade surplus declined sharply in
January as imports logged a notable growth, figures from Eurostat
showed today.
The trade surplus fell to €1 billion ($1.09 billion) in January from €10.6 billion in the last year (2024). The surplus totalled €15.4 billion in
December.
Exports moved up 3.0% annually, slightly faster than the 2.9% rise in
December. Meanwhile, growth in imports accelerated to 7.6% from 3.6%.
Eurostat said two product groups drove the decrease in trade surplus
with a negative change. Machineries and vehicles posted the largest
decline, falling to €7.4 billion from €16.5 billion in December.
Other manufactured goods shifted to a deficit of €4.6 billion from a
surplus of €1.2 billion.
On a seasonally adjusted basis, exports grew 2.1% and imports
advanced 2.3%. As a result, the trade surplus slightly decreased to €14.0 billion, down from €14.2 billion in December.
—- Ends/Khalid