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.
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