Euro zone posts trade surplus in February

Euro zone posts trade surplus in February

European Union (EU) statistics agency Eurostat disclosed that the Euro zone reported a foreign trade surplus of €3 billion in February 2005 against a trade deficit of €1.7 billion in January 2005. Exports fell 0.4% month on month in February, while imports dropped 0.6% month on month. Among EU members, Germany reported the largest trade surplus (€13.1 billion) in January 2005. The Netherlands saw a trade surplus of €2.4 billion, Ireland €2.3 billion and Sweden €1.2 billion.