The euro area trade balance swung into deficit in January largely due to the fall in exports, data from Eurostat showed Friday.
The trade balance showed a shortfall of EUR 1.9 billion compared to a surplus of EUR 11.2 billion in December. In the same period year, the deficit totaled EUR 1.4 billion.
Exports decreased 7.6 percent from the last year in contrast to the 3.3 percent increase in December. At the same time, imports dropped 7.3 percent, reversing a 4.3 percent rise in the prior month.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.