Eurozone, EU Post Trade Deficit in February

Source: Eurostat

The eurozone and the European Union both posted a deficit in terms of international trade in February, as imports outpaced exports during the month. EZU is up 1.62%, while VGK is up 0.99%.

• The eurozone international trade in goods deficit stood at €7.6 billion in February, reversing the €23.6-billion surplus recorded the same month in 2021.
• Exports to the rest of the world grew to €215.8 billion, up 18.3% from €184.5 billion the previous year.
• Imports stood at €223.4 billion, reflecting a faster growth of 41.9% to €223.4 billion from €161.0 billion.
• The European Union trade deficit was recorded at €15.8 billion, which compares with the €21.4-billion surplus recorded in February 2021.
• Exports for the month were recorded at €191.9 billion, up by 18.4% from €164.8 billion in February 2021.
• Imports in February stood at €207.7 billion, marking a 49.3% increase from €143.5 billion.