Eurozone exports recovered strongly from the crisis in June. The value of exports increased by almost 24 percent compared to the same month a year earlier, the European statistical office Eurostat reported.
Exports from the European Union to countries elsewhere in the world rose by more than 22 percent in June.
Compared to a year earlier, fewer lockdown measures against the spread of the coronavirus were in place, which meant that more could be traded. As a result, imports by eurozone countries increased year on year by more than 28 percent in June.
For the European Union, this was an increase of almost 30 percent. As a result, the trade surplus for the euro countries was EUR 18.1 billion in June. For the European Union, it was 14.8 billion euros.
In the first six months of the year, the exports of the euro countries rose by 15.5 percent, while imports increased by 15.2 percent. In the EU, there were increases of 13.8 and 13.9 percent, respectively.
In the first six months of the year, EU countries shipped much more goods to significant economies such as China and the United States. In addition, exports to Turkey, Russia and India increased strongly. Conversely, European countries imported more goods from Turkey, Russia, Norway and India.
The United Kingdom was a noticeable drop in the list of imports. Almost a fifth less was imported to the EU from that country compared to the first six months of last year. This probably has to do with the choice of the British to leave the European Union. Nevertheless, the United Kingdom is still one of the EU’s most important trading partners.
