Eurozone foreign trade surplus at $25B in February

By Gokhan Ergocun

ISTANBUL (AA) - The international trade balance of the euro area posted a surplus of €23.6 billion ($25 billion) in February, expanding 18% year-on-year, Eurostat said on Tuesday.

Eurozone goods exports totaled €235 billion in the month, up 0.3%, while imports stood at €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 €42.3 billion, while China was the main import partner with €37.5 billion.

Türkiye was also among the eurozone's top 5 trading partners with exports of €7.8 billion and imports of €9.9 billion to and from the zone.

During the first two months of 2024, the euro area saw a surplus of €35.2 billion, compared with minus €28.4 billion in January-February 2023.

In January and February, euro area exports of goods to the rest of the world rose to €460.7 billion, up by 0.6%, and imports fell to €425.5 billion, down 12.5%.

Intra-euro area trade fell to €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.​​​​​​​