Euro Area exports increased 1 percent year-on-year to €163.5 billion while imports increased at a faster 2 percent to €144.4 billion. Intra euro-area trade went up 3 percent to €141 billion. Considering the first two months of the year, both exports and imports were nearly stable compared to the same period a year earlier.
In the European Union, exports declined 1 percent to € 137.1 billion and imports fell 2 percent to €134.1 billion, resulting in a €3 billion trade surplus, compared to a €1.8 billion surplus a year earlier. In the first two months of the year, sales went down 2 percent and purchases shrank 3 percent.
In February compared with January 2016, Euro Area seasonally adjusted exports increased by 0.7 percent and imports grew 2.6 percent. The seasonally adjusted balance was + €20.2 billion, a fall compared with January (+€22.8 billion).