EU: Trade Surplus with Turkey Grows, Trade Deficit with Russia Shrinks

BusinessEconomy ♦ Published: July 17, 2013; 15:15 ♦ (Vindobona)

Euro area international trade in goods surplus 15.2 bn euro.

EU: Trade Surplus with Turkey Grows, Trade Deficit with Russia Shrinks / Picture: © Vindobona.org

The first estimate for the euro area1 (EA17) trade in goods balance with the rest of the world in May 2013 gave a 15.2 billion euro surplus, compared with +6.6 bn in May 2012. The April 20132 balance was +14.1 bn, compared with +3.3 bn in April 2012. In May 2013 compared with April 2013, seasonally adjusted exports fell by 2.3% and imports by 2.2%. These data3 are…