Commercial surplus of the euro zone reaches 17.9 billion in February. Portugal with the highest increase in imports – The Economic Journal

Commercial surplus of the euro zone reaches 17.9 billion in February. Portugal with the highest increase in imports - The Economic Journal


Exports of goods in the euro area to the rest of the world reached 183.3 billion euros in February. This represents an increase of 4.4% compared to the same period of 2018, when there was 175.6 billion euros, Eurostat notes Wednesday.

Imports stood at 165.4 billion euros, representing an increase of 4% compared to February 2018, where the value was at 159 billion euros. Thus, the euro area recorded a surplus of 17.9 billion euros in trade in goods outside Europe during the month of February of this year, when in the same month of 2018, they had presented a surplus of 16.5 billion of euros.

Between January and February 2019, exports in the euro area to the world increased by 3.4% to 366.8 billion euros. Imports increased to € 347 billion, an increase of 3.6% compared to the same period in 2018.

As a result, the euro area recorded a surplus of 19.8 billion euros, and 19.6 billion euros in the same period of 2018. Trade within Europe rose to 326.8 billion euros, an increase of 3.5% over last year.

In Portugal, exports increased by 4% to 9.8 billion euros during the month of February this year, according to the same data. For Europe, exports rose 6%, with a value of 7.6 billion euros in February. For the rest of the world, exports fell by 1%, with only EUR 2.1 billion recorded.

In Portuguese imports, the rise was 14% to 13.3 billion euros. Within the European Union, imports showed an increase of 13% with values ​​around € 10 billion. Even outside the EU, although the value is 3.3 billion euros, it has the highest increase, reaching 19%.



Source link