The euro area’s foreign trade surplus fell to a fraction in April

According to Eurostat’s first estimate, exports of goods from the 19 euro area countries to the rest of the world fell by 29.3 percent year-on-year to 136.6 billion euros. Imports fell by 24.8 percent to 133.7 billion euros.

The euro area thus recorded a foreign trade surplus of 2.9 billion euros in April, up from a surplus of 15.5 billion euros of a year before. The market expected a slightly larger-than-actual trade surplus of 15.9 billion euros from the euro area in April. (MTI)