ISTANBUL: The international trade balance of the euro area posted a surplus of pound 23.6 billion ($25 billion) in February, expanding 18% year-on-year, Eurostat said on Tuesday.
Eurozone goods exports totaled pound 235 billion in the month, up 0.3%, while imports stood at pound 211.4 billion, down 8.4%, the 27-member bloc’s statistical authority said.
The US was the main destination for eurozone exports in February with pound 42.3 billion, while China was the main import partner with pound 37.5 billion.
Trkiye was also among the eurozone’s top 5 trading partners with exports of pound 7.8 billion and imports of pound 9.9 billion to and from the zone.
During the first two months of 2024, the euro area saw a surplus of pound 35.2 billion, compared with minus pound 28.4 billion in January-February 2023.
In January and February, euro area exports of goods to the rest of the world rose to pound 460.7 billion, up by 0.6%, and imports fell to pound 425.5 billion, down 12.5%.
Intra-euro area trade fell to pound
428.9 billion in January-February 2024, down 6.2%, compared with January-February 2023.
The eurozone/euro area, or EA19, represents member states that use the single currency – the euro – while the EU27 includes all member countries of the bloc.
Source: Anadolu Agency