Trade surplus in Europe dropped in April

June 17, 2013 at 8:48 AM

BRUSSELS, June 17 (UPI) -- The 17-nation eurozone posted a $19.8 billion trade surplus in goods in April, the European Commission's data office Eurostat said Monday.

The surplus was a sharp drop from March's $30 billion surplus, but an increase from a year earlier.

From March to April, exports in goods dropped 0.8 percent while imports rose by 0.5 percent, which put a squeeze on the total.

The figures released Monday are considered a first estimate that could be revised as more data becomes available.

For the European Union, the 27-nation block that includes the eurozone, the trade balance in goods for April came to a surplus of $12.2 billion, a drop from March, when the surplus was $21.2 billion, but a significant gain from April 2012, when the trade balance had a deficit of $17.8 billion.

For the EU, exports fell by 0.2 percent March to April while imports remained stable, Eurostat said.

Related UPI Stories
Latest Headlines
Trending Stories
Calif. Gov. Brown vetoes campus sexual assault bill
Obama: Clinton emails a 'mistake' but did not 'endanger' U.S.
Washington Post journalist convicted, facing up to 20 years
Travel delays caused by Southwest Airlines glitch
Study: Elephants rarely get cancer