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:
- United States
- United Kingdom
- Switzerland
- China
- Türkiye
On the import side, the EU bought the most goods from:
- China
- United States
- United Kingdom
- Switzerland
- 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
