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In Europe, trade surplus rose in May

July 16, 2013 at 2:45 PM

BRUSSELS, July 16 (UPI) -- The 17-nation eurozone posted a $19.9 billion trade surplus in goods in May, the European Commission's data office Eurostat said Tuesday.

The surplus, posted as a first estimate, was significantly higher than the $8.6 billion surplus posted in May 2012. and modestly higher than the $18.5 billion surplus posted in April.

Eurostat said exports fell 2.3 percent from April to May, while imports fell 2.2 percent.

Eurostat said international trade among the 27-member European Union resulted in a $20.7 billion surplus, a sharp climb from the $6.4 billion deficit from May 2012.

The surplus for the EU in May was also higher than April's surplus of $11.5 billion.

For the EU, exports fell by 1.5 percent April to May, while imports fell by 2.1 percent, Eurostat said.

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