Eurozone Posts Decline in July Foreign Trade Surplus
(MENAFN) The euro area’s foreign trade surplus narrowed sharply in July, reaching €12.4 billion ($14.57 billion), down from €18.5 billion recorded in the same month last year, according to Eurostat.
Data from Eurostat reveals that exports across the union totaled €251.5 billion in August, marking a modest 0.4% increase year-on-year. Meanwhile, imports climbed more steeply by 3.1%, reaching €239.1 billion.
For the January-July period, the euro area’s trade surplus declined to €106.9 billion, a drop from €120.4 billion during the same period in 2024.
Exports of goods from the euro area to global markets rose 3.5% to €1.74 trillion, while imports grew 4.7% to €1.63 trillion. Intra-euro area trade also expanded, rising 1.6% to €1.55 trillion over the seven-month span compared to the prior year.
The European Union mirrored this trend, posting a reduced surplus of €91.8 billion in January-July, down from €108.9 billion last year. EU exports increased to €1.57 trillion, while imports climbed to €1.48 trillion.
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