The euro area trade surplus declined in May on weak foreign demand, official data from Eurostat revealed on Friday.
The trade surplus fell to a seasonally adjusted EUR 9.4 billion in May from EUR 13.4 billion in April.
Exports dropped 1.5 percent on a monthly basis in May, while imports grew 0.7 percent.
On an unadjusted basis, the trade balance showed a surplus of EUR 7.5 billion in May compared to EUR 8.9 billion surplus in the same period last year.
Shipments increased 31.9 percent from May 2020, a month which had been heavily affected by the COVID-19 containment measures widely introduced by the member states. Imports advanced 35.2 percent annually.
For comments and feedback contact: editorial@rttnews.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.