Eurozone external trade surplus soars to 4.5 billion euros in March

10:33, May 19, 2010      

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The eurozone registered a 4.5- billion-euro (5.6 billion U.S. dollars) trade surplus in March, which is the highest since last October, the European Union (EU)'s statistics office Eurostat said on Tuesday.

Analysts said the increase was mainly due to the depreciation of the euro against the U.S. dollar amid the Greek debt crisis.

The figures showed that eurozone external trade surplus was 2.4 billion euros (3.0 billion dollars) in February this year and 1.6 billion euros (2.0 billion dollars) in March 2009.

Compared with the previous month, exports rose by 7.5 percent and imports by 10.3 percent in the eurozone in March.

The figures also showed that the 27-nation European Union saw a deficit of 7.1 billion euros (8.8 billion dollars) in March, compared with a smaller deficit of 6.5 billion (8.0 billion dollars) in February and a larger deficit of 9.2 billion (11.4 billion dollars) in the same period last year.

Source: Xinhua
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