Eurozone reports $41.2B trade surplus in March, beating forecasts
The eurozone posted a €36.8 billion ($41.2 billion) foreign trade surplus in March, the region’s statistical bureau Eurostat said on Friday, Anadolu reported.
The figure significantly rose from a €24 billion surplus in the previous month, and came well above market forecasts of a €17.5 billion surplus.
The eurozone's exports to the rest of the world climbed 13.6% year-on-year in March to €279.8 billion, while imports gained 8.8% to €243 billion.
Meanwhile, the EU saw a foreign trade surplus of €35.3 billion in March.
The US was the largest recipient of EU exports with €71.4 billion, up 59.5% on an annual basis.
The significant jump in exports to the US coincided with the uncertainty caused by the US' tariff hikes, with a surge in exports to the country before the tariffs took effect.
On the other hand, EU exports to China fell 10.1% in the same period to €17.9 billion.
China was the largest importer to the EU in March, accounting for €48.6 billion, up 15.8% year-on-year.
Imports from Türkiye jumped 13.5% in March to reach €9.2 billion.
The eurozone/euro area, or EA20, represents member states that use the bloc's single currency, the euro, while the EU27 includes all of its member countries.
Earlier it was reported that global electric vehicle (EV) sales rose 29% year-on-year in April, despite global trade uncertainties.
