FGM - Euro area trade deficit slightly widened in January to ?30.6B

2023-04-18 05:12:18 ET

Euro Area recorded a trade deficit of ?30.6B in January of 2023, widening slightly from a ?30.2B gap in the corresponding period of the previous year.

Imports grew by 9.7% to ?253.5B in the period, while exports jumped by 11% to ?222.9B.

Meanwhile, the EU posted a trade deficit of ?34.6B, narrowing from the ?38.6B gap in January 2022.

Exports from the EU grew by 10.6% to ?198.6B, supported by sales of machinery and vehicles , energy, and food and beverages.

Imports grew by a softer 7% to ?233.3B, carried by purchases of energy and machinery and vehicles.

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