EU goods trade surplus widens to $22.5B in June; exports up

Nathan Andrada – Fourth Estate Cooperative Contributor

Brussels, Belgium (4E) – Preliminary figures for the June goods trade surplus in the euro zone was at 16.8bn euros ($22.5bn), compared with 15.7bn euros in the year-ago month, according to the European Union statistics agency Eurostat released on Monday.

Exports dropped by a seasonally adjusted 0.5 percent in June from the prior month, while imports climbed by 0.5 percent.

The trade surplus in the euro area in May this year stood at 15.4bn euros, compared with 14.6bn euros in the year-earlier month, according to the Eurostat report.

Monday’s preliminary figures showed that the trade surplus was at 2.9bn euros, compared with the surplus of 8.6bn euros in June last year.

From January to May this year, the biggest gains in EU exports were posted with China and South Korea, while imports rose the most with South Korea, Turkey and Switzerland.

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