Eurozone trade surplus rises in June
However, the improved surplus does not yet reflect the full effect of sanctions and counter-sanctions imposed by the European Union and Russia over the conflict in Ukraine, EurActive reports.
The international trade balance of the 18 countries sharing the euro grew to €16.8 billion in June from €15.7 billion in June last year, as exports rose more than imports. It was up from the €15.4 billion surplus recorded in May.
Seasonally unadjusted exports rose by 3.0% during the year to June after being unchanged in May, the EU's statistics office Eurostat said. Imports were up 2.0%, also after being unchanged in May.
On a seasonally adjusted basis, however, exports dropped by 0.5% and imports rose by 0.5% in June from May. ■