21.05.2024 13:27
Eurozone exports of goods amount to €245.4B last year, imports stand at €221.3B.
The eurozone trade balance posted a €24.1 billion ($26.2 billion) surplus in March, according to official data released on Tuesday.
The figure improved from a €19.1 billion deficit last year, Eurostat data showed.
Euro area exports of goods to the rest of the world fell 9.2% at an annualized pace to €245.4 billion this March, while imports decreased 12% to €221.3 billion.
The EU27 ran a trade surplus of €21.7 billion in March, compared to a €17.4 billion surplus in March 2023.
The US was the top recipient of EU exports with €44.7 billion, marking a 5.6% annual decline.
The EU's other major export markets were the UK (€29 billion), China (€19.8 billion), Switzerland (€16.8 billion), and Türkiye (€10 billion).
On the other side, China was the main source of imports, with €41.2 billion, falling 4.5% compared to the prior year.
It was followed by the US, the UK, Switzerland, Norway, and Türkiye.
Quarterly data
In January-March, the eurozone's overseas shipments went down by 3.2% year-on-year to €705 billion, while its imports dove 12.3% to €647.5billion.
As a result, the single-currency zone recorded a surplus of €57.5 billion in the first quarter of this year, switching from a €9.4 billion deficit last year. -