facebook
twitter
search
search

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.

Related UPI Stories
Latest Headlines
Trending Stories
Chelsea Clinton accidentally calls Bernie 'President Sanders'
Watch every star-studded Super Bowl commercial of 2016
Susan Sarandon responds to Piers Morgan criticizing cleavage
Two Virginia Tech students plotted 13-year-old's death, prosecutors said
Colin Powell, Condoleezza Rice got classified email on private accounts