BRUSSELS, Sept 16 (.) – The euro zone’s trade surplus increased year-on-year in July, data released on Wednesday showed, as imports fell more than exports amid the economic slowdown caused by the COVID-pandemic. 19.
The European Union statistics office, Eurostat, said the trade surplus of the 19 countries that share the euro with the rest of the world was 27.9 billion euros (33.1 billion dollars) in July, in non-seasonal terms, compared to to 23.2 billion a year earlier.
Euro zone imports fell 14.3% in July compared to the previous year, while exports were down only 10.4%.
In seasonally adjusted terms, the trade surplus in July was 20.3 billion euros, compared to 16 billion euros in June, as exports increased 6.5% month-on-month and imports grew only 4.2%.
(Reporting by Jan Strupczewski; edited in Spanish by Tomás Cobos)