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Eurozone trade surplus hits €23.4 billion in March

by ChemOrbis Editorial Team - content@chemorbis.com
  • 20/05/2015 (13:57)
According to data compiled by Eurostat, the trade surplus in the eurozone rose to €23.4 billion in March on an unadjusted basis compared with €16.1 billion in the same month of 2014 owing to stronger exports. Exports rose 11% on the year while imports increased 7%.

On a seasonally adjusted basis, however, the trade surplus declined to €19.7 billion in March from €22.6 billion in February, falling below economists’ forecasts which called for a €21.9 billion trade surplus. In March, exports increased 1.7% on the month while imports climbed 3.9%.

In the first quarter, meanwhile, the total trade surplus for the eurozone reached €52.6 billion from €30.7 billion in the same period of the previous year. Exports rose 5% to reach €491.2 billion while imports were reported almost unchanged at €438.6 billion.
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