Eurozone trade surplus rises to €7.8 bln in June

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The eurozone registered an external trade surplus of €7.8 billion ($10.5 billion) in June, up from €1.7 billion ($2.3 billion) in May, the European Union’s statistics bureau Eurostat said Tuesday.

A year ago the surplus was €1.6 billion. The trade surplus increase in the 13-nation bloc sharing the same currency was achieved by strong exports. Compared to the same period of last year, exports from the eurozone increased by 9% to €128.3 billion ($173 billion), faster than imports, which rose by 4% to €120.5 billion. According to Eurostat, the 27-nation EU recorded a trade deficit of €9.4 billion ($12.67 billion) in June, down from €15 billion ($20.22 billion) in the previous month and €13.3 billion ($17.93 billion) a year ago.

During the period from January to May, the energy trade remained the largest source of deficit for the EU, but that deficit decreased to €102.5 billion ($138.2 billion), compared to €118.9 billion ($160 billion) in the same period of last year. Meanwhile, surpluses rose in the chemicals sector from €30.1 billion to €31.3 billion ($42.2 billion), and for machinery and vehicles from €34.7 billion ($46.8 billion) to €44.8 billion. ($60.4 billion) (peopledaily.com.cn)

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