Eurozone Trade Surplus Increases In March

Eurozone's trade surplus more than doubled in March from a month ago, data published by Eurostat showed Thursday.

The surplus amounted to EUR 22.9 billion in March, higher than EUR 10.1 billion in February. In March 2012, the balance was positive at EUR 6.9 billion.

Euro area's exports rose a seasonally adjusted 2.8 percent in March compared with February. At the same time, imports fell 1 percent.

Eurozone's trade with countries outside the European Union resulted in a surplus of EUR 15.8 billion compared with EUR 1.7 billion surplus in February and a deficit of EUR 8.2 billion in March 2012.

by RTTNews Staff Writer

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