The trade balance of the euro area is in surplus with the rest of the world. In February there was a surplus of 13,6 billion euros, an increase compared to the 9,8 billion in the same period of 2013 and the 8,5 billion expected by analysts. This was announced by the Statistical Institute of the European Union (Eurostat).
Seasonally adjusted exports grew by 1,2% while imports increased by 0,6%. For the entire European Union (EU-28), there was a surplus of 4,4 billion euros, compared to the 1,2 billion surplus in the same period last year. Exports rose by 0,9% while imports fell by 0,5%.
