Exports and imports fall in February, while key global partners stay active
According to new data from Eurostat, trade activity in European Union countries slowed down in February, but the bloc still maintained a trade surplus.
EU exports dropped by 9.3% compared to last year, reaching 204.7 billion euros, while imports fell by 3.5% to 195.7 billion euros. Despite the decline, the EU recorded a trade surplus of 9.1 billion euros, meaning it sold more goods than it bought.
Similarly, the Eurozone saw exports decrease by 6.7% to 232.4 billion euros, and imports fall by 2.2% to 220.9 billion euros, resulting in a surplus of 11.5 billion euros.
The EU’s biggest export markets in February included:
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United States
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United Kingdom
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Switzerland
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China
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Türkiye
On the import side, the EU bought the most goods from:
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China
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United States
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United Kingdom
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Switzerland
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Türkiye and Norway
Overall, the data shows a slowdown in trade activity but continued strong connections between the EU and major global economies.
Source: Newstimehub
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